To receive the relevant quarterly budget monitoring information.

To reduce printing paper copies of the Executive report on the quarterly budget monitoring information, the reports are available online at the following address:-

http://centralbeds.moderngov.co.uk/mgChooseDocPack.aspx?ID=5159

Hard copies of these papers will only be provided on request in advance of the meeting.

The Head of Financial Performance delivered a presentation detailing the financial position of the Directorate along with areas of underspend, overspend and outstanding debt for Quarter 2. Members were advised that areas of slippage would be deferred until the next financial year and reassured that all statutory provisions had been provided for, with any delays in Section 106 funding to be allocated at the appropriate time.

NOTED the report and the ongoing underspend in revenue budget.

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To receive the relevant quarterly budget monitoring information.

To reduce printing paper copies of the Executive report on the quarterly budget monitoring information, the reports are available online at the following address:-

http://centralbeds.moderngov.co.uk/mgChooseDocPack.aspx?ID=5159

Hard copies of these papers will only be provided on request in advance of the meeting.

The Head of Financial Performance delivered a presentation detailing the financial position of the Directorate along with areas of underspend, overspend and outstanding debt for Quarter 2.

NOTED the report.

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

1.      That the revenue forecast position which is currently to overspend budget by £0.6M be noted.

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

The Executive considered a report from the Executive Member for Corporate Resources that set out the provisional outturn position for 2016/17 as at September 2016.  The revenue forecast outturn position was £0.6M over budget.  The year to date spend was £1.1M under budget.

Reason for decision:  To maintain rigour and transparency through the Executive’s regular public monitoring of the revenue budget.

RESOLVED

1.            that the revenue forecast position which was currently to overspend budget by £0.6M be noted; and

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