Issue - meetings
Revenue Budget Monitoring 2016/2017 - Quarter 2
Meeting: 22/11/2016 - Cabinet (Item 10)
10 Revenue Budget Monitoring 2016/2017 - Quarter 2 
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Minutes:
Background
This report detailed the revenue budget forecasts as at the end of September 2016. The report noted that after management action, the forecast outturn for 2016/17 was a potential overspend of £1.4m.
It was noted that further action plans were being formulated by directorate management teams and managers continued to be challenged to ensure adherence to the moratorium principles. Through this scrutiny and challenge, it was anticipated that the forecast overspend would reduce further as the year progressed.
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Decision number: |
Decision: |
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138/2016 |
The Cabinet noted and agreed the forecasts reported in the second round of revenue monitoring for 2016/2017. |
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139/2016 |
The Cabinet instructed officers to identify further management action to ensure a breakeven position is achieved by year end. |
Reasons
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.