Issue - items at meetings - KD 3757 Revenue Monitoring Report: August 2013

Issue - meetings

KD 3757 Revenue Monitoring Report: August 2013

Meeting: 16/10/2013 - Cabinet (Item 6)

6 Revenue Monitoring Report 2013/14: August 2013 pdf icon PDF 330 KB

A report from the Director of Finance, Resources and Customer Services is attached. This sets out the Council’s revenue budget monitoring position based on information to the end of August 2013. (Key decision – reference number 3757)

(Report No.92)

(8.20 – 8.25 pm)

Minutes:

Councillor Andrew Stafford (Cabinet Member for Finance and Property) introduced the report of the Director of Finance, Resources and Customer Services (No.92) setting out the Council’s revenue budget monitoring position based on information to the end of August 2013.

 

NOTED

 

1.               The £0.699m overspend is the current revenue outturn projection as set out in the report. Finance will work with budget holders to eliminate the year end overspend by year end.

 

2.               That Table 2 in the report set out the forecast outturn table.

 

3.               The achievement of savings set out in section 8 and Appendix 1 of the report.

 

4.               The key risks which had been identified as set out in section 13 of the report. Members noted the uncontrollable demand-led Service pressures as detailed.

 

Alternative Options Considered: Not applicable to this report.

 

DECISION: The Cabinet agreed that departments reporting pressures should formulate and implement action plans to ensure that they remain within budget in 2013/14.

 

Reason: To ensure that Members were aware of the projected budgetary position for the Authority, including all major budget pressures and underspends which had contributed to the present monthly position and they were likely to affect the final outturn.

(Key decision – reference number 3757)