Issue - meetings
Revenue Budget Monitoring - Round 3 2019/20
Meeting: 04/02/2020 - Cabinet (Item 4)
4 Revenue Budget Monitoring - Round 3 2019/20 
PDF 1 MB
Additional documents:
- Appendix 1, item 4
PDF 50 KB
- Appendix 2, item 4
PDF 49 KB
- Appendix 3, item 4
PDF 37 KB
- Appendix 4a, item 4
PDF 32 KB
- Appendix 4b, item 4
PDF 31 KB
Minutes:
Background:
The Cabinet accepted the report as urgent to enable consideration of the matter at the earliest opportunity. The next scheduled Cabinet meeting was due to take place on 3 March 2020 and that would not have given sufficient time for any remaining issues to be addressed.
This report detailed the revenue budget forecasts as at the end of quarter 3 (December 2019). The report noted that, after management action, the forecast outturn for 2019/20 represented an adverse variance of 2.571million, 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:
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Decision:
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12/2020 |
The Cabinet noted the result of the third round of revenue budget monitoring for 2019/20 and instructed senior management to continue to exercise tight control and a range of measures to reduce expenditure within their portfolio areas.
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Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by Council.