Gross budget - forecast outturn

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Annual budget forecast projections based on latest available data

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The quarter 2 outturn  shows an potential overspend of  £4.363m. This is against a budget of £554,318,000 (gross) £208,647,000 (net). 

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 2 2021/22 outturn was reported to  cabinet on 1st December 2021 in the Financial Monitoring Report