Issue - meetings

Revenue and Capital Monitoring (Quarter 2 2017/2018)

Meeting: 12/12/2017 - Cabinet (Item 155)

155 Revenue & Capital Budget Monitoring Report

Report by Dr Carlton Brand, Corporate Director

Supporting documents:


Councillor Philip Whitehead presented the report which: advised members of the revenue and capital budget monitoring position as at the end of period 7 (end of October 2017) for the financial year 2017/2018 with suggested actions as appropriate; and informed Cabinet on the position of the 2017/2018 capital programme, as at Period 7 (31 October 2017), including highlighting budget changes.


Matters raised in the course of the presentation and discussion included: that if no management action was taken that there would be a £6.557m deficit, but that action would be taken in many areas to ensure that a balanced budget would be delivered; that whilst it was a significant amount of money, the projected overspend represented less than 7 days spend.


In response to a question from Councillor Ian Thorn, Councillor Philip Whitehead stated that whilst any overspend was a concern, the Council was in a better position than at the same time last year and he had every confidence that the overspend would be addressed.




1.    To note the outcome of the period 7 (end of October) budget monitoring and to approve all budget amendments outlined in the report.


2.    To note the budget movements undertaken to the capital programme shown in appendices E and F and to also note the reprogramming of the capital £14.741 million between 2017/2018 and 2018/2019.


Reasons for Decision:


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


To inform Cabinet of the position of the 2017/2018 capital programme as at Period 7 (31 October 2017), including highlighting any budget changes