Gross budget - forecast outturn

Our goal

Annual budget forecast projections based on latest available data

Staying on plan is best

The quarter 4 outturn  shows an underspend of  £655,000. This is against a budget of £575,462,000 (gross) £225,522,000 (net).  This underspend represents 0.11% of the original gross budget. 

Historically earlier forecasts shows an expected high level overspend, which reflects uncertainty and caution around the delivery of the required savings. Management actions are required to deliver the savings to arrive at a balanced budget.

Details of the quarter 4 2020/21 outturn was reported to  cabinet on 30th June 2021 in the Financial Monitoring Report.

Q1 data is due to be reported to cabinet on 8th September and will be updated in this report afterwards.