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 a report from the Corporate Director of Resources on the position of the Council’s revenue, capital and Housing Revenue Account budgets from the beginning of April to the end of November 2007.

Agreed, as a matter of good financial practice, to,

(i)  Note the current position of the Council’s revenue and capital budgets as set out in the report;

(ii)  Note the position and projected out-turn for the Housing Revenue Account as set out in the report; and

(iii)  Note the action plans being undertaken to alleviate the budget pressures to ensure that the necessary balanced budget for the Council is achieved by the end of the financial year.