Decision details

To report on the latest monitoring position. 

Background:

This report gave details of the forecast outturn for the 2009/2010 financial year projected from the end of January monitoring information.

The monitoring report indicated that after management action, the outturn forecast for 2009/2010 stood at a £842,000 underspend, which after eliminating the dedicated schools grant forecast overspend of £200,000, would give an overall underspend on the general fund of over £1,042,000.

An analysis of the budget position for each directorate, including details of any significant issues, was set out in the report.

Reasons:

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 corporate management team must identify measures to remove any excess expenditure.