Issue details

This report provides comparative information on the Council’s revenue and capital expenditure for the nine months ended 31 December 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:-

The main variations in spending to 31 December 2013 are within cost of employment (-£221,719) and housing benefits (-£554,775).  Vacancies are the main reason behind the under spend on the cost of employment.  Housing benefit payments are under the revised budget although it is expected this will be closer to the budgeted position by the end of the financial year. 

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.