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Delivery directorate quarterly service report - budget position

Revenue budget

The original cash budget for the department was £18.950 million. Net transfers of £-3.829 million have been made bringing the current approved cash budget to £15.121 million.

A detailed analysis of the budget changes in this quarter are available in the document below.

There are 10 variances to report in the second quarters monitoring.

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Office spreadsheet icon Revenue budget monitoring report767.5 KB

The department has identified the following as budgets that can pose a risk to the council’s overall financial position, principally because they are vulnerable to significant changes in demand for a service.

The current position with regard to these is as follows:

Table showing budget concerns

Service Area

Budget (£000)

Forecast outturn (£000)

Comments

Commercial Property

(7574)

(7574)

Increased voids and void periods resulting in reduced income.

Although these budgets pose a risk to the council, careful management has made sure that there is little adverse impact forecast at this point.

Capital budget

The total approved capital budget for the year is £8.558 million.

Expenditure to date is £1.047 million representing 12.23% of the budget. The Department anticipates 100% of the total approved budget to be spent by the end of the financial year.

A detailed list of schemes together with their approved budget and forecast spend are available in the document below.

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File Capital budget monitoring report28.89 KB