Issue - meetings

A report of the Director of Finance and Corporate Resources is attached. This sets out the Council’s revenue budget monitoring position for 2006/07 based on information to the end of October 2006. The report indicates a potential overspend within departmental budgets of £43k that is offset by a corporate savings including £930k within Treasury Management leaving an overall potential underspend on the budget of £951k.

(Key decision – number 2029)

Councillor Lavender introduced the report of the Director of Finance and Corporate Resources (179) setting out the Council’s revenue budget monitoring position for 2006/07 based on information to the end of October 2006. The report highlighted a potential overspend within departmental budgets of £43k that was offset by a corporate savings including £930k within Treasury Management leaving an overall potential underspend on the budget of £951k

Alternative options considered:

Not applicable to this report.

DECISION:

1.         To note the potential net underspend set out in the report and the commitments against the central contingency.

2.         To allocate £36k from the net underspend to fund a review of the Civic Centre reception arrangements in order to improve access for customers (paragraph 6.5).

Reasons:

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

(Key decision – number 2029)