Issue - meetings
Revenue Budget Monitoring 2017/2018 - Quarter 3
Meeting: 06/02/2018 - Cabinet (Item 4)
4 Revenue Budget Monitoring 2017/18 - Quarter 3 
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Minutes:
Background:
This report detailed the revenue budget forecasts as at the end of quarter 3 (December 2017). The report noted that, after management action, the forecast outturn for 2017/18 was a potential overspend of £653,000, with an expectation that this figure would be reduced further as the financial year progressed.
The report set out an explanation of the pressures being faced and the corrective management action proposed by directorate management teams.
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Decision number: |
Decision: |
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13/2018 |
The Cabinet noted the result of the third round of revenue monitoring for 2017/18 and agreed the forecast position and proposed management action. |
Reasons
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.