Decision details
Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
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:
- Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3) PDF 116 KB
- Appendix A - Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3) PDF 340 KB
- Appendix B - Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3) PDF 96 KB
- Appendix C - Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3) PDF 95 KB
- Appendix D - Revenue Budget Monitoring Provisional Forecast Outturn (Quarter 3) PDF 602 KB