Issue - meetings

Revenue Budget Monitoring

Meeting: 12/02/2013 - Cabinet (Item 11)

11 Revenue Budget Monitoring

Report of the Service Director - Finance

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 (end of December 2012) for the financial year 2012/2013 and highlights new cost pressures or changes since the previous budget monitoring report on 18 December 2012.


Councillor Brady noted the revised decreases in cost pressures that totalled £0.761 million after transferring £1.700 million from reserves to support the pressure on safeguarding children as agreed in the period 7 budget monitoring report. This would give a revised potential year end cost pressure of £1.228 million. Councillor Brady stated action to return this to balance was being taken and this should be the position at the conclusion of the financial year.


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




To note the outcome of the Period 9(December 2012) budget monitoring.


Reason for Proposal


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