Decision details

This report informs Members of the actual income and expenditure to January 2003 and the forecast outturn for 2002/2003. The latest forecast has reduced slightly to £4.672m and further action is being taken in order to reduce this potential overspend to targeted figure of £3.6m

129/2003 The Cabinet noted the forecast outturn and the proposed remedial action.

Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council. Where a budget overspend is forecast Cabinet, supported by the Management Team, must identify measures to remove the excess expenditure.