Decision details

Decision details

Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


1.      That the revenue forecast outturn position which is currently an overspend of £2.2m, be noted.

2.      To note that the budget includes £2.1m of contingency against which no call has yet been made.  If this contingency is released then this results in an overall net overspend of £0.1m.

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

4.      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 2017/18 Revenue, Capital and Housing Revenue Account provisional financial outturn positions, subject to audit.

5.      That the above delegation is subject to the final outturn position not being more than 1% over/under net budget.

Report author: Denis Galvin

Publication date: 05/04/2018

Date of decision: 03/04/2018

Decided at meeting: 03/04/2018 - EXECUTIVE

Effective from: 13/04/2018

Accompanying Documents: