105 Budget Monitoring 2013/14 - April 2013 to January 2014 (Month 10) PDF 111 KB
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Minutes:
The Cabinet Member for Finance presented a report on the Council’s capital and revenue position for the 2013/14 financial year, as at 31 January 2014.
The General Fund continued to show a projected end of year surplus of £8.4m against the total approved budget of £178.3m, which exceeded the planned surplus of £5.2m and would result in a projected General Fund balance of £25.9m at the year end. The Housing Revenue Account (HRA) was also unchanged from the Month 9 position, with a projected year-end surplus of £0.2m, while the Capital Programme showed a projected spend of £126.2m against the total revised budget of £138.2m.
Cabinet resolved:
(i) To note the projected outturn position for 2013/14 of the Council’s General Fund revenue budget at 31 January 2014, as detailed in paragraphs 2.4 to 2.9 and Appendix A of the report;
(ii) To note the progress against the 2013/14 savings targets at 31 January 2014, as detailed in paragraph 2.10 and Appendix B of the report;
(iii) To note the position for the Housing Revenue Account at 31 January 2014, as detailed in paragraph 2.11 and Appendix C of the report; and
(iv) To note the projected outturn position for 2013/14 of the Council’s capital budget at 31 January 2014, as detailed in paragraph 2.12 and Appendix D of the report.