Issue - meetings

The Director of Resources submitted an information report advising as to the position for the period April to February 2023 of this year’s revised revenue budget as far as this Committee was concerned.

The comparison between actual and budgeted expenditure shows a total underspend of £184,593 to February 2023 of the financial year 2022/23. After allowing for transfers to/from earmarked reserves there is an underspend of £199,830.

£136,351 of the variance is attributable to the Household Support Fund (£69k) and the UK Shared Prosperity Fund (£67k) where grant funds were received after the budgets were estimated. It was noted that these variances would largely resolve by the end of the financial-year as the accounts are closed down.