Decision details

The Council’s budget position for both revenue and capital needs to be monitored on a regular basis to ensure that there is control on the Council’s overall spend against its set budgets. The report will cover the details of spending and explanations for variances for each Department against these set budgets, and proposed action to achieve a balanced budget if required

The Executive will be asked to note the current position of the Council’s Revenue and Capital budget for 2007/08 and, if necessary, agree proposals to achieve a balanced budget at the year end

Received and noted a report on the current position of the Council's revenue and capital budgets for the period 1 April to 31 July 2007, as well as the position and projected out-turn for the Housing Revenue Account for the same period.

Discussed the action being taken by Corporate Directors to ensure a balanced position by the year end and agreed arrangements for further detailed consideration of these and other related issues.