Issue - meetings
Revenue Budget Monitoring 2018/19 - Quarter 1
Meeting: 07/08/2018 - EXECUTIVE (Item 35)
35 Revenue Budget Monitoring 2018/19 - Quarter 1 PDF 91 KB
To receive the 2018/19 quarter 1 revenue budget monitoring report.
Additional documents:
- Appendix A - Revenue Budget Monitoring 2018/19 - Q1, item 35 PDF 444 KB
- Appendix B - Revenue Budget Monitoring 2018/19 - Q1, item 35 PDF 88 KB
- Appendix C - Revenue Budget Monitoring 2018/19 - Q1, item 35 PDF 502 KB
Decision:
1. That the revenue forecast outturn position of an overspend of £0.8M, be noted.
2. To note that the budget includes £2.1M of contingency against which no call has been made as yet. If this contingency is released then this results in an underspend of £1.3M.
3. To request officers to continue to look for compensatory savings in order to deliver a balanced budget.
Minutes:
The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the forecast revenue outturn position for Quarter 1 in 2018/19. The forecast position was an overspend of £0.8m.
Reason for decision: To maintain rigour and transparency through the Executive’s regular monitoring of the revenue budget.
RESOLVED
1. that the revenue forecast outturn position of an overspend of £0.8M, be noted;
2. to note that the budget includes £2.1M of contingency against which no call has been made as yet. If this contingency was released then this results in an underspend of £1.3M; and
3. to request officers to continue to look for compensatory savings in order to deliver a balanced budget.
The decision was unanimous.