Revenue Budget Monitoring Provisional Forecast Outturn September 2017 (Quarter 2)
Decision Maker: EXECUTIVE
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The report sets out the provisional outturn financial position for 2017/18 as at the end of September 2017. It sets out spend against the approved budget and it excludes the Housing Revenue Account which is subject to a separate report.
1. That the forecast revenue outturn position which is currently to overspend budget by £3.3M (over budget by £0.6M in September 2016) be noted.
2. To note that the budget includes £2.1M of contingency costs against which no call has yet been made. If this contingency is released then this results in an overspend of £1.275M.
3. That officers be requested to continue to look for compensatory savings in order to deliver a balanced budget.
Report author: Denis Galvin
Publication date: 07/12/2017
Date of decision: 05/12/2017
Decided at meeting: 05/12/2017 - EXECUTIVE
Effective from: 15/12/2017