Issue - meetings

Issue - meetings

Period 3 (Quarter 1) – 2016/17 Revenue Budget Monitoring

 

 

Meeting: 11/10/2016 - EXECUTIVE (Item 62)

62 Revenue Budget Monitoring Forecast Outturn June 2016 (Quarter 1) pdf icon PDF 29 KB

 

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

Additional documents:

Decision:

1.         That the revenue forecast position which is currently to overspend budget by £1.9M be noted.

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

Minutes:

 

The Executive considered a report from the Executive Member for Corporate Resources that set out the projected outturn financial position for 2016/17.  The forecast outturn position, excluding HRA, as at June 2016 was a £1.9m overspend.

 

Reason for decision:  To facilitate effective financial management and planning.

 

RESOLVED

 

1.            that the revenue forecast position which was to overspend budget by £1.9M be noted; and

 

2.         that officers be requested to continue to look for compensatory savings in order to deliver a balanced budget.