Issue - meetings

KD 4529 - May 2017 Revenue Monitoring Report

Meeting: 13/07/2017 - Cabinet (Item 9)

9 May 2017 Revenue Monitoring Report pdf icon PDF 255 KB

A report from the Executive Director of Finance, Resources and Customer Services will be circulated as soon as possible.

  (Key decision – reference number 4529)

(Report No.17)

(8.35 – 8.40 pm)


Councillor Dino Lemonides (Cabinet Member for Finance and Efficiency) introduced the report of the Executive Director of Finance, Resources and Customer Services (No.17) setting out the Council’s revenue budget monitoring position based on information to the end of May 2017.




1.               That the report forecast an outturn position of £5.5m overspend for 2017/18 and set out the mitigating actions to bring the budget into balance.


2.               The report provided information on the main budget variances and the reasons for them. Cabinet Members and Executive Directors were expected to manage their budgets in year and contain any forecast overspends by implementing offsetting savings measures. Members noted the projected overspends on demand led services within Health, Housing and Adult Social Care and Children’s Services as set out in the report.


3.               Councillor Taylor whilst recognising the budget pressures outlined in the report, highlighted the need to reduce the projected overspend and, noted the mitigating actions to be undertaken by the Cabinet Members and Executive Directors detailed in the report.


Alternative Options Considered: Not applicable to this report.


DECISION: The Cabinet noted:


1.               The £5.5m overspend revenue outturn projection.


2.               That Cabinet Members would continue to work with Executive Directors to implement action plans to reduce the forecast overspend in 2017/18.


3.               The mitigating actions proposed to date by Executive Directors of overspending departments as set out in Appendix A of the report.


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

(Key decision – reference number 4529)