Issue - meetings

Cllr Fleur de Rhe-Philipe, Cabinet Member for Finance, Performance and Risk presented a report which advised  Cabinet of the revenue budget monitoring position as at 31 October 2010 for the financial year 2010-11.

The figures projected a small under spend of £0.045 million. This was a reduction of £1.083 million in the forecast position since the last monitoring report of £1.038 million which reflected action taken by officers to reduce previously identified overspends. It was noted that future revenue monitoring reports would highlight ongoing progress to achieve a balanced budget.

Resolved:

That Cabinet note the report showing a balanced position, pending future monitoring reports that will highlight ongoing actions being taken to continue a balanced budged.

Reason for Decision

To enable the Cabinet to approve a continued corporate approach to managing the financial pressures and Government reductions.