Issue - decisions
Revenue Management Report Quarter 3
That the Quarter 3 next expenditure on services year
to date was £10,094,000, £745,000 less than budget be
That by year end the Council anticipates net
expenditure of £15,349,000 on services and this forecast is
£325,000 under budget, an improvement of £315,000 since
Quarter 2 be noted.
That by year end the Council anticipates receiving
an increase in funding of £1,712,000, an improvement of
£240,000 since Quarter 2.
Overall, an improvement to budget of £2,037,000 which will
reduce the budget deficit that was to be met from reserves to a
forecast of £963,000 be noted.
That write offs as set out in Paragraph 2.24 and
detailed in Appendix J be approved.
REASON FOR DECISION: To
show the actual expenditure on services compared to the revised
budget for the period ending 31 December 2021, and the forecast
outturn position, highlighting significant variances from the
revised annual budget.