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gynn · 05-06-2011, 08:57

Amid all the political bluster and talk of millions of pounds of black holes, broken promises, money spent that isn't there etc etc etc, it is reassuring to read the sober assessment of the budget in the Chief Finance Officer's report to this week's cabinet.

'The forecast spend for the year to 31 March 2012 is £13,622,651 against a budget of £13,583,991. This indicates a potential adverse variance of £38,000 by the end of the financial year. This is less than 0.3% of the total budget.'

Hardly a black hole!

As I've always said on this site, listen to the officers, not the politicians

05-06-2011, 08:57	#45
gynn Senior Member+ Join Date: Apr 2009 Posts: 1,136 Liked: 10 times Rep Power: 4983	Re: Council Finances - Where we are now. Amid all the political bluster and talk of millions of pounds of black holes, broken promises, money spent that isn't there etc etc etc, it is reassuring to read the sober assessment of the budget in the Chief Finance Officer's report to this week's cabinet. 'The forecast spend for the year to 31 March 2012 is £13,622,651 against a budget of £13,583,991. This indicates a potential adverse variance of £38,000 by the end of the financial year. This is less than 0.3% of the total budget.' Hardly a black hole! As I've always said on this site, listen to the officers, not the politicians Last edited by gynn; 05-06-2011 at 09:02.