Issue - meetings

The Director of Resources submitted a report informing committee of the position for the period April to February 2022 of this year’s revised revenue budget as far as this committee was concerned.

The comparison between the actual and budgeted expenditure shows a total underspend of £588,209 to February 2022 of the financial year 2021/22. After allowing for transfers to/from earmarked reserves there was an underspend of £591,816. The majority of the variance is attributable to coronavirus response budgets which would be largely resolved by the end of the financial year as part of the year-end closedown period.