Decision details

Decision details

Revenue Budget Monitoring Provisional Forecast Outturn December 2016 (Quarter 3)

Decision Maker: EXECUTIVE

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The report sets out the financial position for 2016/17 as at the end of December 2016.

Decision:

1.      That the revenue forecast outturn position which is currently to overspend budget by £1.2M be noted.

2.      That officers continue to look for compensatory savings in order to deliver a balanced budget.

3.      To authorise the Chief Executive and the Director of Resources (s.151 Officer), in consultation with the Leader and the Deputy Leader and Executive Member for Corporate Resources, to approve the 2016/17 revenue, capital and HRA provisional financial outturn positions, subject to audit. 

4.      The delegation in 3 above is subject to the final outturn position not being more than 1% over/under net budget.

 

Report author: Denis Galvin

Publication date: 06/04/2017

Date of decision: 04/04/2017

Decided at meeting: 04/04/2017 - EXECUTIVE

Effective from: 14/04/2017

Accompanying Documents: