Contents

Part A: First Quarter Revenue Budget 2023/24

A1)    Revenue Budget   

A2)    Significant Variances                                           

Part B: First Quarter Capital Budget 2023/24     

B1)    Capital Budget  

B2)    Significant Variances                                                          

A1)  Revenue Budget: Planning, Infrastructure & Economic Development   (PIED) PAC

A2.1  The table below provides a detailed summary of the budgeted net expenditure position for the services reporting directly into PIED PAC at the end of Quarter 1. The financial figures are presented on an accruals basis (i.e. expenditure for goods and services received, but not yet paid for, is included).

A2.2  This table now shows the variance split between expenditure and income to give more of an insight into the nature of the variance.

PIED Revenue Budget: NET EXPENDITURE (@ 1^st Quarter 2023/24)

By Cabinet Member

A2)  PIED Revenue Budget: Significant Variances

A2.1  Within the headline figures, there are a number of both adverse and favourable net expenditure variances for individual cost centres. It is important that the implications of variances are considered at an early stage, so that contingency plans can be put in place and, if necessary, be used to inform future financial planning.  Variances will be reported to each of the Policy Advisory Committees on a quarterly basis throughout 2023/24.

A2.2  The table below highlights and provides further detail on the most significant variances at the end of Quarter 1.

PIED PAC Variances (@ 1^st Quarter 2023/24)

B1)  Capital Budget 2023/24 (@ 1^st Quarter 2023/24)

B2)  Capital Budget Variances (@ 1^st Quarter 2023/24)