Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Executive will be presented with the current position of the Council’s revenue and capital budgets for 2008/09 and, if necessary, be asked to consider in-year adjustments to the budgets and other proposals to achieve a balanced budget at the year end
Received a report from the Corporate Director of Resources providing an update on the Council’s revenue and capital position for the period April to February of the 2008/09 financial year.
The position for revenue expenditure indicates that current budget pressures amount to £2.8million. The largest pressure continues to remain within the Children’s Services department (£3.4million) and Regeneration Services (318k) which are offset by projected under spends in Resources (400k), Adults and Community Services (70k) and Customer Services (£489k).
The current forecast is that at year end the revenue budget will have a net overspend of approximately (£780k).
Agreed, in order to assist the Council to achieve all of its Community Priorities and as a matter of good financial practice, to:
(i) note the current position of the Council’s revenue and capital budget as at 28 February 2009;
(ii) note that where pressures and targets exist, Directors continue to identify and implement the necessary action plans to alleviate these budget pressures;
(iii) note the position and projected out-turn for the Housing Revenue account; and
(iv) the budget approval of the capital scheme.
Publication date: 24/04/2009
Date of decision: 21/04/2009
Decided at meeting: 21/04/2009 - Cabinet
Effective from: 30/04/2009
Accompanying Documents: