Issue - meetings
September 2015 Quarter 2 Revenue Budget Monitoring
Meeting: 01/12/2015 - EXECUTIVE (Item 69)
69 September 2015 Quarter 2 Revenue Budget Monitoring PDF 62 KB
The report sets out the financial position for 2015/16 as at the end of September 2015. It sets out spend to date against the profiled budget and the forecast financial outturn.
Additional documents:
- Appendix A - September 15 Quarter 2 Revenue Budget Monitoring, item 69 PDF 129 KB
- Appendix B - September 15 Quarter 2 Revenue Budget Monitoring, item 69 PDF 101 KB
- Appendix C - September 15 Quarter 2 Revenue Budget Monitoring, item 69 PDF 67 KB
- Appendix D - September 15 Quarter 2 Revenue Budget Monitoring, item 69 PDF 446 KB
Decision:
1. That the revenue forecast position which is currently to overspend budget by £0.6m (£1.3m in August, £1.1m over last year) be noted and directorates be requested to continue to take the necessary action to achieve a balanced budget.
2. That the inclusion within the budget of £2.1m of contingency that is currently forecast to be used, be noted. There is no call on this contingency at present.
Minutes:
The Executive considered a report from the Executive Member for Corporate Resources that presented the financial position for 2015/16 as at September 2015. The forecast outturn position was £0.6m over budget mainly due to pressures within Social Care, Health and Housing and Children’s Services, offset by a forecast underspend in Community Services.
Reason for decision: To facilitate effective financial management and planning.
RESOLVED
1. that the revenue forecast position which was currently to overspend budget by £0.6m (£1.3m in August, £1.1m over last year) be noted and directorates be requested to continue to take the necessary action to achieve a balanced budget; and
2. that the inclusion within the budget of £2.1m of contingency that was currently forecast to be used, be noted. There is no call on this contingency at present.