Issue - meetings
BUDGET MONITORING REPORT
Meeting: 24/10/2013 - Cabinet (Item 40)
40 BUDGET MONITORING REPORT PDF 104 KB
To provide Cabinet with assurance on the robustness of budgetary control and monitoring across the Council, to highlight key financial risks within directorates and identify mitigation to bring the authority within its overall approved budget.
Additional documents:
- APP A Budget Control Report Adults well-being, item 40
PDF 148 KB
- APP B Childrens Wellbeing, item 40
PDF 132 KB
- APP C Budget Control Report ECC, item 40
PDF 80 KB
- APP D Budget Control report - CEODT, item 40
PDF 76 KB
- APP E Budget Control Report - Public Health, item 40
PDF 87 KB
- APP F Capital Forecast Aug 13, item 40
PDF 77 KB
- APP G Ttreasury Management Report to 31 August 2013, item 40
PDF 121 KB
Minutes:
Cabinet considered a report providing assurance on the robustness of budgetary control and monitoring across the Council, highlighting key financial risks within directorates and identifying mitigation to bring the authority within its overall approved budget.
Group Leaders questioned the Cabinet, in detail, on various items within the report and the appropriate Cabinet Member responded.
RESOLVED:
That (a) the projected overspend of £3.9m for 2013/14 and the potential impact on reserves and the 2014/15 budget, be noted; and
(b) the continuing action by Directors to identify further financial savings to mitigate the impact, be supported; and
(c) Directors and financial resources are focussed on identifying savings for the remainder of 2013/14 and future savings for 2014/15 to 2016/17.