Issue - meetings

Revenue and Capital Budget Monitoring Qtr 3 2017/2018

Meeting: 06/02/2018 - Cabinet (Item 194)

194 Revenue and Capital Monitoring Period 9 2017- 2018

Report byDr 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 9 (end of December 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 9 (31 December 2017), including highlighting budget changes.


Matters highlighted in the course of the presentation and discussion included: That the projected overspend had reduced from £4m and would be £2m, if no action were to be taken; but that with the actions to be undertaken, the projection was for a balanced budget by the end of the year; and how areas are identified that require action to be taken to address overspends.


In response to a question raised by Councillor Gordon King, Michael Hudson, the Director of Finance, stated that system would be improved by the 1st of April to improve the process reconciling information between the SAP and manual adjustments for invoices.


At the conclusion of the debate, the Cabinet;




1.    To note the outcome of the period 9 (end of December) 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 £13.909 million between 2017/2018 and 2018/2019.


Reason 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 9 (31 December 2017), including highlighting any budget changes.