Decision details

Financial Monitoring Quarter 2 Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

For Cabinet to note the financial monitoring report details including budget variances, year end forecasts and progress made against agreed savings targets for the 2nd quarter ended 30 September 2014.  It also highlights some key performance indicators.

 

Decision:

RESOLVED TO NOTE THAT:

           

(1)   In year savings already achieved total £833k.  This is an improvement on the previous position at Quarter 1 of £663k, meaning that savings of £170k have been achieved in Quarter 2.

 

(2)   the forecast year end position for 14/15 is to increase the Council’s general fund balance by £320k.

 

Report author: Andrew Cummings

Publication date: 12/11/2014

Date of decision: 12/11/2014

Decided at meeting: 12/11/2014 - Cabinet

Effective from: 21/11/2014

Accompanying Documents: