Issue - meetings
Revenue Budget Monitoring 2018/2019 - Quarter 3
Meeting: 05/02/2019 - Cabinet (Item 4)
4 Revenue Budget Monitoring 2018/2019 - Quarter 3 
PDF 662 KB
Additional documents:
- Appendix 1, item 4
PDF 43 KB
- Appendix 2, item 4
PDF 30 KB
- Appendix 3, item 4
PDF 68 KB
- Appendix 4, item 4
PDF 55 KB
Minutes:
Background:
This report detailed the revenue budget forecasts as at the end of quarter 3 (December 2018). The report noted that, after management action, the forecast outturn for 2018/19 represented an adverse variance of £2.921million, 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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7/2019 |
Cabinet noted the result of the third quarter of revenue monitoring for 2018/19 and 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.