Issue - meetings

The Director of Resources submitted a report for information on the overall revenue position for the current financial year for the half year position up to the end of September 2022.

There was an overall net underspend to the end of September 2022 of £457,281. However, this was skewed by income and expenditure on covid response cost centres, where the variance would resolve itself as the year progresses as grant funds were either paid out or allocated to specific Covid-19 response activities.

The variance for the usual service cost centres was an underspend of £367,174.

It was also noted that the staff pay award had yet to be processed with the overall likely impact to be 7% rather than the 2% budget allowed.