Decision details

This report summarised the financial monitoring position for the current year to date and provided an outturn forecast. This was based on actual income and expenditure to May 2003 extrapolated to the end of the year.

228/2003 The Cabinet endorsed the management action summarised in the report, to ensure that expenditure was contained within approved budgets.

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.