Issue - meetings

Background:

This report detailed the revenue budget forecasts as at the end of November 2016. The report noted that after management action, the forecast outturn for 2016/17 was a potential overspend of £1.8m.

The report stated that the third round of monitoring broadly reflected the management action agreed during quarters 1 and 2, however not all of the management action agreed by the Children and Adults directorate had delivered the targeted savings and there was now a requirement for urgent and drastic management action to address the £1.8m pressure which had been forecast this quarter.

It was noted that urgent action was being considered by directorate management teams and it was anticipated that this forecast would be reduced further by year end.

Reasons:

Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.