Issue - meetings

2nd Quarter Budget Monitoring Report

Meeting: 14/11/2017 - Communities, Housing and Environment Committee (Item 67)

67 2nd Quarter Budget Monitoring 2017/18 pdf icon PDF 71 KB

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The Committee considered the report of the Director of Finance and Business Improvement which provided an overview of the revenue budgets and outturn for the second quarter of 2017/18, and highlighted financial matters which may have a material impact on the Medium Term Financial Strategy or the Balance Sheet.


It was noted that there was an overall positive variance of £177,547.  However, the current forecast indicated that the outturn position would change to an overspend of £140,960.


The Head of Finance highlighted that the capital programme included the recent purchase of Lenworth House and other housing investments.



1.  That the revenue position at the end of the second quarter and the actions being taken or proposed to improve the position where significant variances had been identified be noted.

2.  That the position with the capital programme be noted.