Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
This report provides comparative information on the Council’s revenue and capital expenditure for the three months ended 30 September 2013. Members are invited to consider the financial performance in the quarter, and any corrective action that may be deemed appropriate.
This report provides summary information on the overall spending position against the revenue and capital budgets in the current year, as set out in the following tables:-
Revenue |
Budget 2013/14 |
Budget to 30 Sept 13 |
Actual to 30 Sept 13 |
Variation |
|
£000s |
£000s |
£000s |
£000s |
Service Budgets |
12,712 |
15,649 |
15,177 |
-472 |
Non-Service Budgets |
-2,889 |
-798 |
-793 |
+5 |
Net |
9,823 |
14,851 |
14,384 |
-467 |
The main variations in spending to 30 September 2013 are within cost of employment (-£221,719). Vacancies are the main reason behind the under spend on the cost of employment.
Capital Programme |
Budget 2013/14 |
Budget to 30 Sept 13 |
Actual to 30 Sept 13 |
Variation |
|
£000s |
£000s |
£000s |
£000s |
General Fund |
7,614 |
2,806 |
2,558 |
-248 |
HRA |
7,317 |
1,282 |
1,051 |
-231 |
Total |
14,931 |
4,088 |
3,609 |
-479 |
Revenue and capital spending plans are showing an under spend for the period.
While there are no areas of immediate concern, it is appropriate to monitor financial performance over the final quarter to ensure that any slippage does not adversely affect the services provided to residents and customers. Commentary on the most significant variations is set out in the in the briefing paper accompanying the report.
RESOLVED that the report on revenue and capital budget monitoring be noted.
Report author: Caroline Hancock
Publication date: 04/11/2013
Date of decision: 04/11/2013
Decided at meeting: 04/11/2013 - Executive
Accompanying Documents: