Decision details

To receive an update on the Council’s revenue budget.

Councillor Dick Tonge, Cabinet Member for Finance, presented the report which advised members of the revenue budget monitoring position as at the end of period 9 (end of December 2015) for the financial year 2015/2016 with suggested actions as appropriate. In his presentation, Cllr Tonge referred to the actions taken to address any overspends to enable the Council to reach a breakeven position for the financial year. He stated that he expected a balanced budget to be achieved, and that the amount of reserves was in line with strategy.

Resolved

To note the outcome of the period 9 (end of December) budget Monitoring.

Reason for Decision:

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