Decision details

Budget Monitoring Report - October 2014

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To provide Cabinet with an updated position on the projected outturn for 2014/15.

Decision:

THAT: 

(a)  Cabinet notes the council is projected to spend within its budget for this financial year;

(b)  Cabinet notes the capital and treasury projected outturns;

(c)  The bad debt written off to date in 2014/15 be noted; and

(d)  Cabinet agrees the virement of 2014/15 revenue and capital budgets to meet in year pressures within council directorates;

(e)  Cabinet notes the performance to achieve 2014/15 and future savings plans;

 

Reasons for the decision:

The forecast outturn for the year, based on spend to the end of October 2014, is a break-even position.

 

Alternative options considered:

There are no alternative options.

 

Publication date: 18/12/2014

Date of decision: 18/12/2014

Decided at meeting: 18/12/2014 - Cabinet

Effective from: 24/12/2014

Accompanying Documents: