Detailed information about the budget can be found on our budget page.
Revenue budget monitoring
Monthly monitoring returns are set out in detail in each directorate’s quarterly service report.
The information provided for the quarter 3 financial position is based on data presented to the Corporate Management Team in January 2025.
The returns provided by all directorates include a forecast variance against the approved budget plus any emerging issues that are likely to affect the position but cannot be accurately quantified at this point.
Across the council, variances have been identified indicating expenditure is projected to be £0.552 million below the approved budget, after taking into account the remaining balance on the corporate contingency (£3.748 million).
Once emerging issues are included, there is a potential overspend of £0.584 million. This is an improvement of £0.800 million on reported variances and £1.374 million including emerging issues since the council plan overview report in quarter 2.
It is now unlikely that a material overspend will be experienced by the year end, though it is important that the spending controls introduced by the Corporate Management Team remain in place for the remainder of the year to help protect that position.