Issue - meetings

Revenue Budget Monitoring 2018/2019 - Quarter 2

 

 

Meeting: 20/11/2018 - Cabinet (Item 13)

13 Revenue Budget Monitoring 2018/19 - Quarter 2 pdf icon PDF 296 KB

Additional documents:

Minutes:

Background:

 

This report detailed the revenue budget forecasts as at the end of quarter 2 (September 2018). The report noted that, after management action, the forecast outturn for 2017/18 was a potential overspend of £3.856m, 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.

 

Decision number:

Decision:

146/2018

The Cabinet noted the result of the second quarter of revenue monitoring for 2018/19 and instructed officers to identify further management action to ensure a break even 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.