Issue - meetings

Budget Monitoring

Meeting: 15/02/2012 - Cabinet (Item 32)

32 Budget Monitoring Period 9 December 2011

Report of the Chief Finance Officer is circulated




Supporting documents:


Councillor John Brady, Cabinet Member for Finance, Performance and Risk, presented a report which advised the Cabinet of the revenue budget monitoring position as at the end of Period 9 (December 2011) for the financial year 2011/2012 and highlighted significant new cost pressures or changes since the last report on 13 December 2011.  Councillor Brady noted that the current position showed revised potential cost pressures of £0.279 million at Period 9, and was confident that this could be addressed to provide a balanced budget by the end of the financial year.


The Cabinet thanked all those who had worked to provide a balanced budget for the Council.




To note the outcome for the Period 9 (December 2011) budget monitoring and to receive updated movements since the previous report in December.


Reason for Decision


To inform effective decision making and ensure a sound financial control environment.