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.
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
Head of Finance highlighted that the capital programme included the
recent purchase of Lenworth House and
other housing investments.
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.
That the position with the capital programme be noted.