The original cash budget for the department was £18.950 million. Net transfers of £-3.851 million have been made bringing the current approved cash budget to £15.099 million. A detailed analysis of the budget changes in this quarter is available below.
There are 9 variances to report in the third quarters monitoring.
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:
Forecast outturn (£000)
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.