Savings Monitoring 2023/24
General Fund
|
|
|
Gross Savings Achieved |
In Year Pressures |
Net Savings Unachieved |
Savings Unachieved as % Of Net Budget |
|
|
2023/24 Savings Proposed |
||||
|
|
|||||
|
Directorate |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Families, Children & Learning |
1,866 |
1,416 |
0 |
450 |
0.7% |
|
Health & Adult Social Care |
4,316 |
3,316 |
0 |
1,000 |
1.0% |
|
Economy, Environment & Culture |
4,727 |
3,947 |
(609) |
1,389 |
4.1% |
|
Housing, Neighbourhoods & Communities |
1,916 |
898 |
0 |
1,018 |
5.5% |
|
Governance, People & Resources |
1,186 |
1,098 |
0 |
88 |
0.3% |
|
Orbis |
0 |
0 |
0 |
0 |
0.0% |
|
Corporate Budgets |
162 |
162 |
0 |
0 |
0.0% |
|
Total Directorate Savings |
14,173 |
10,837 |
(609) |
3,945 |
1.6% |
Housing Revenue Account
|
|
Gross Savings Achieved |
In Year Pressures |
Net Savings Unachieved |
Savings Unachieved as % Of Net Budget |
|
|
|
2023/24 Savings Proposed |
||||
|
|
|||||
|
Directorate |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
|
Housing Revenue Account |
0 |
0 |
0 |
0 |
0.0% |
|
Total HRA Savings |
0 |
0 |
0 |
0 |
0.0% |
Explanation and Mitigation of At Risk Savings
|
Directorate |
Savings
Unachieved |
Explanation and Mitigation Strategy |
|
Families, Children & Learning |
450 |
The savings unachieved relate to external placements for Children with Disabilities. This is primarily due to growing numbers of children with disabilities requiring a residential home placement and also the increasing unit costs which was partly driven by lack of placement choice locally. |
|
Health & Adult Social Care |
1,000 |
Savings unachieved due to delays in implementation of the savings strategy, demand led nature of budgets and increasing unit costs. |
|
Economy, Environment & Culture |
1,389 |
Price increases have been applied in most areas, however some approved fees & charges increases, particularly within Parking Services, were reversed by committee resulting in income pressures for the service. The most significant areas of shortfall are £1.091m for parking tariff and permit fee increases, £0.100m reduction of the lifeguard service which was reversed to ensure a full summer season and £0.165m for new and increased commercial income activities. |
|
Housing, Neighbourhoods & Communities |
1,018 |
Due to increasing demand on the council’s homelessness service and number of applicants being placed as a result, and the challenges in moving households on to sustainable housing options giving severe supply issues in the city. |
|
Governance, People & Resources |
88 |
£0.020m in Mayor’s Office and £0.012m unachievable Land Charges income due to the slow housing market. £0.056m shortfall in financial services due to unachieved vacancy savings. |
|
Orbis |
0 |
|
|
Corporate Budgets |
0 |
|
|
Total General Fund |
3,945 |
|
|
Housing Revenue Account |
0 |
|
|
Grand Total |
3,945 |
|