Issue - meetings

Q3 Budget Monitoring

Meeting: 14/03/2019 - Cabinet (Item 565)

565 Q3 Budget Monitoring pdf icon PDF 197 KB

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Cabinet noted the report which provided an update of the Council's 2018-19 revenue and capital forecasts against budget, as at the end of December 2018.  Each service that had projected an overspend had a plan in place to reduce its overspend by the end of the year.  It was expected that a significant proportion of the projected overspend would be offset by returns from the business rate retention pilot scheme.


Councillor Campbell spoke under Council Procedure 20.1.


Councillor Gregory proposed, Councillor Savage seconded and Members agreed the recommendation within the report, namely that:


‘1. Cabinet notes the 2018-19 Quarter 3 forecast position for:

(i) The General Fund;

(ii) The Housing Revenue Account;

(iii) The General Fund and Housing Revenue Account Capital Programmes;


2. Cabinet agrees to the updated General Fund and Housing Revenue Account capital programmes as set out in Annex 1 and 2 to the report.’