Issue - meetings

The Executive Board considered the revenue budget monitoring report which provided the latest budgetary position as at 30th June 2018, in respect of 2018/2019.

Overall, the monitoring report forecasted an end of year overspend of £3,016k on the Authority’s net revenue budget with an overspend at departmental level of £3,918k. The HRA was predicting a £98k underspend to the year end.

In light of the current forecast for a potentially significant overspend, which would utilise around a third of the Council’s general fund, the report recommended that Chief Officers and Heads of Service critically review their budgetary positions and implement all necessary and appropriate actions to deliver their services within their allocated budgets as a matter of urgency.

UNANIMOUSLY RESOLVED that:

7.1     the Revenue Budget Monitoring Report be received;

7.2     Chief Officers and Heads of Service critically review their budgetary positions and implement all necessary and appropriate actions to deliver their services within their allocated budgets as a matter of urgency.