Decision details
Quarterly budget monitoring report
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To decide any remedial action required if significant variances
Decision:
RESOLVED that
- the contents of this report including the key projected variances to the original 2011/12 budget identified at this stage and the potential projected overspend of £476,400 for the financial year 2011/12 be noted.
- the current freeze on spending against supplies and service expenditure budgets, where possible, is continued until further notice. This will be factored into the revised 2011/12 budget.
- If, following the more detailed monitoring process currently being undertaken as part of the budget setting process for 2012/13, the potential overspend is confirmed, corrective action be taken to ensure that the Council delivers services within the overall net budget for the year.
Scrutiny Committee: All
Contact: Paul Jones, Deputy Chief Executive (Section 151 Officer) Email: [email protected].
Report author: Paul Jones
Publication date: 18/10/2011
Date of decision: 18/10/2011
Decided at meeting: 18/10/2011 - Cabinet
Effective from: 28/10/2011
Accompanying Documents: