The latest statistics on the quarterly revenue expenditure outturn data for all local authorities in England, for quarter 1 of the financial year 2014 to 2015 (April to June 2014) was released on 10 September 2014.
Main points are:
- total net current expenditure for quarter 1 of the financial year 2014 to 2015 is estimated to be £27.63 billion and the forecast for the whole year is £113.94 billion
- forecast net current expenditure is 0.7% lower than the equivalent budget figure (£114.71 billion) reported by local authorities prior to the beginning of the financial year
- the quarter 1 net current expenditure is 24.1% of the initial reported budget figure for 2014 to 2015 of £114.71 billion
The Revenue Outturn details local authorities’ actual expenditure for each quarter, while the Revenue Account is their expected expenditure as forecast at the beginning of the year.
The data are drawn from Quarterly Revenue Outturn (QRO) forms and Revenue Account (RA) forms requested from all local authorities in England. This release provides the first estimate of financial quarter 1 revenue expenditure outturn data. Authorities will have the opportunity to revise their quarter 1 data in quarter 2.