Issue details

This report provides comparative information on the Council’s revenue expenditure for the period for the first half of the financial year.  Members are invited to consider the financial performance and any corrective action that may be deemed appropriate.

The report provides summary information on the overall spending position against the emergency revenue budgets in the current year, as set out in the following tables:-

Revenue spending plans are currently showing a net underspend for the first half of the financial year.

However, there are a number of areas where spend is in excess of the budget; and a similar half yearly position was reported last year but the outturn position on the General Fund was a small overspend.  It therefore remains appropriate to continue to monitor financial performance closely over the remainder of the financial year 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 briefing paper accompanying the report.