Issue - meetings
Revenue Budget Monitoring 2015/2016 (Round 1)
Meeting: 25/08/2015 - Cabinet (Item 7)
7 Revenue Budget Monitoring 2015/2016 - Round 1 
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Minutes:
Background:
This report detailed the revenue budget forecasts as at the end of June 2015. The report also highlighted the major financial risks remaining in respect of the 2015/2016 General Fund revenue budget.
It was noted that the latest round of monitoring returns, after agreed management action predicted a potential overspend of £4.7 million. Further management action plans were being formulated by directorate management teams and it was anticipated that this figure would be mitigated further as the year progressed.
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Decision number: |
Decision: |
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115/2015 |
The Cabinet noted the result of the first round of revenue monitoring for 2015/16 and agreed the proposed management action. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.