230630ResourcesCtteePaper12023-24BudgetMonitoring

This document contains the 2023/24 budget monitoring report from Louise Allen, Head of Finance and Corporate Operations, for the Cairngorms National Park Authority's (Park Authority) Resources Committee, dated 30 June 2023. It gives an early overview of the Park Authority's budget management at the end of May 2023, the first two months of the financial year. The report highlights that overall spending is 10% lower than expected, with staff costs slightly under budget. All programme management costs are being recovered from external funders. Running costs are under spent by £50,000, which appears to be a timing issue. Heads of Service have forecasted their budget to track expenditure timing. Most peatland restoration is for projects contracted in 2022-23 or earlier and no unexpected impacts on the Park Authority's core budget have been identified. The Resources Committee is asked to consider the budget management position for 2023/24.