Decision details

The Executive will be asked to consider the regular budget monitoring reports any changed proposals to relevant action plans change in use of budgets additional budget expenditure and the Councils in year financial performance

Received a report from the Corporate Director of Resources providing an update on the Council’s revenue and capital position for the first month of the 2009/10 financial year.

The current position for revenue expenditure indicates a balanced budget for the year, although all departments have identified areas of concern where budget pressures may arise and these will need addressing as part of the Council’s ongoing budget monitoring process.

Agreed, in order to assist the Council to achieve all of its Community Priorities and as a matter of good financial practice, to note:

  (i)  the current position of the Council’s revenue and capital budget as at 30 April 2009;

  (ii)  the position for the Housing Revenue Account; and

  (iii)  that where potential pressures have been highlighted, Corporate Directors are required to identify and implement the necessary action plans to mitigate these budget pressures to ensure that the necessary balanced budget for the Council is achieved by year end.