underspend

However, efforts to reduce expenditure continued and "at the year-end the underspend position improved to PS4,089,000".

"The council's controllable revenue position for 2018/19 has improved by PS239,000 when compared to projections made at quarter three, resulting in a net controllable underspend of PS167,000, a variance of 0.03 per cent on the gross budget.

The underspend meant the authority did not need to dip into its rainy day contingency fund.

This week, the Finance Secretary reported an underspend of [pounds sterling]449 million - similar to last year - and invited laps of honour for "prudence".

The NDA has agreed that all of the PS247,000 underspend can be added to the 2019-20 budget.

He also explained the underspend included PS148million that had come to Holyrood from Westminister "very late in the financial year".

Scottish Government has since agreed to divert some unspent SHIP monies from the new build programme to acquire second hand properties, however, the final position still resulted in a PS432,000 underspend.

In her report, she writes that"although the underspend during 2018/2019 is significant, all spend is allocated against specific projects"which are due to be developed in the current financial year.

At the full council meeting at the start of the month, councillors already agreed to put PS3.5m of the inyear underspend into a reserve to fund the feasibility costs of the next stage of the business case for the rail line linking south east Northumberland to Newcastle.

He added: "Although you finished the year with a balanced budget, and in fact an underspend, you have these huge currents of finance underlying it which still pose massive questions .

Health and social care chief Cllr Paulette Hamilton stated the underspend in her portfolio was mainly down to reduced demand for care packages, as well as large funding sums being ploughed in to the department in recent years.

"in the current financial year to January 31 2019, the total spend was PS2.436m, out of a revised budget of PS4.463m, leaving an underspend of PS2.027m."

The letter urges the Government to implement IT connectivity from current budgets in 2019-2020, rather than relying on finding an end-of-year underspend which may not allow enough time for implementation.

THE Government is not delivering for rural Ireland, as [euro]60million in funding remains unspent, a TD claimed yesterday Fianna Fail's Dara Calleary said there was a massive underspend for plans aimed at developing communities, .

Birmingham City Council is predicting an underspend on this year's budget despite the [pounds sterling]5.8m cost of the latest bin strike.