Council plan overview report on budget position

Revenue budget monitoring

The monthly monitoring returns are set out in detail in each directorate’s Quarterly Service Report.

Due to the impact of the pandemic on the current years’ budget and the resulting uncertainty, a range of potential outcomes have been considered. The returns now include estimated best- and worst-case scenarios which reflect actual expenditure to date plus a range of financial predictions from Assistant Directors covering the remainder of the year.

Across the council, variances have been identified indicating expenditure is below the approved budget (£5.273 million - best case and £3.532 million - worst case), after taking into account the corporate contingency (£1.930 million), income compensation and available general government funding for COVID-19 (-£7.688 million).