Issue - meetings
Quarter 1 2017/18 Revenue Budget Monitoring
Meeting: 10/10/2017 - EXECUTIVE (Item 63)
63 Revenue Budget Monitoring Provisional Forecast Outturn June 2017 (Quarter 1) 
PDF 82 KB
The report sets out the forecast outturn financial position for 2017/18 as at the end of June 2017.
Additional documents:
- Appendix A - Revenue Budget Monitoring Provisional Forecast Outturn June 2017 (Q1), item 63
PDF 490 KB
- Appendix B - Revenue Budget Monitoring Provisional Forecast Outturn June 2017 (Q1), item 63
PDF 238 KB
- Appendix C - Revenue Budget Monitoring Provisional Forecast Outturn June 2017 (Q1), item 63
PDF 95 KB
- Appendix D - Revenue Budget Monitoring Provisional Forecast Outturn June 2017 (Q1), item 63
PDF 213 KB
Decision:
1. That the revenue forecast outturn position which is currently an underspend of £0.2M (over budget by £1.9M in June 2016), be noted.
2. To note that the budget includes £2.1M of contingency costs against which no call has yet been made. If this contingency is released then this results in an underspend of £2.3M.
Minutes:
The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the forecast outturn financial position for Quarter 1 in 2017/18. The forecast position was an underspend of £0.2m.
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 outturn position which was currently an underspend of £0.2M (over budget by £1.9M in June 2016), be noted; and
2. to note that the budget includes £2.1M of contingency costs against which no call has yet been made. If this contingency was released then this results in an underspend of £2.3M.
The decision was unanimous.