Issue - meetings

Report of the Director of Finance and Support

1.      The report and the forecast over spend of £884k net of management action is noted.

2.      Cabinet consider the nature of the information provided in the general fund revenue budget monitoring report has been considered and it has been requested that actuals to date be reported quarterly.

As Portfolio Holder for Finance, Councillor Perkins presented the report to Cabinet identifying the projected outturn position for the current financial year.  The report also referred to management action being taken in response to the forecast and to minimise the impact on the Council’s general fund reserves at the end of the financial year.

Councillor Brian Hoare commented on the need to recognise the report in the light of current economic difficulties.

RESOLVED

1.      That Cabinet note the report and the forecast over spend of £884k net of management action.

2.      That Cabinet consider the nature of the information provided in the general fund revenue budget monitoring report and agree that actuals to date be reported on a quarterly basis.