Issue - meetings
Quarterly budget monitoring report (as at end February)
Meeting: 15/04/2014 - Cabinet (Item 6)
6 Quarterly budget monitoring report (as at end February) 
PDF 98 KB
Report of the Cabinet Member Finance
Additional documents:
- 2014_04_15_CAB_Budget_Monitoring_Appendix 2 CTAX_NNDR, item 6
PDF 23 KB
- 2014_04_15_CAB_Budget_Monitoring_Appendix_3_Aged_debt, item 6
PDF 47 KB
Decision:
RESOLVED THAT
the contents of this report including the key projected variances to the current 2013/14 budget and the total projected budget saving of £11,300 be noted.
Minutes:
In the absence of the Cabinet Member Finance, the Leader of the Council introduced the budget monitoring report which updated Members on the Council’s current financial position for 2013/14 based on the monitoring exercise at the end of February 2014. The report covered the Council’s revenue, capital, treasury management and the Housing Revenue Account and identified any known variations to the 2013/14 current budget and a position statement on major schemes.
The Leader explained that the Council was in a positive position and the results were encouraging. He highlighted that the budget monitoring report to the end of November 2013 projected an underspend of £444 k which had now been redeployed.The anticipated outturn position was projected to deliver a further budget saving of £11 300. The Leader then emphasised that carry-forward requests would be scrutinised thoroughly.
RESOLVED THAT
the contents of this report including the key projected variances to the current 2013/14 budget and the total projected budget saving of £11,300 be noted.