Issue - meetings
Financial Monitoring Quarter 2 Report
Meeting: 06/12/2017 - Cabinet (Item 72)
72 Financial Monitoring Quarter 2 Report 
PDF 329 KB
To consider the report of the Cabinet Member for Performance and Resources seeking to note year-end forecasts, and progress made against agreed savings targets for the 2nd quarter ended 30th September 2017.
Additional documents:
Decision:
RESOLVED that it be noted that:
1. The savings achieved in year to date total £1.694 million with a further £511k in progress.
2. The forecast year end position is currently for a reduction to the Council’s General Fund balance of £163k.
3. The details of specific budgetary issues identified by officers and the actions being taken to address those issues
4. The current level of Capital expenditure as shown on Appendix 2.
Minutes:
Cabinet considered the report of the Cabinet Member for Performance and Resources Environment that informed them of the year-end forecasts and progress made against agreed targets for the 2nd quarter ended 30th September 2017.
The Cabinet Member for Regeneration and Economy commented that each Member will be examining their own portfolio for progress towards targets in the 3rd quarter.
RESOLVED that it be noted that:
1. The savings achieved in year to date total £1.694 million with a further £511k in progress.
2. The forecast year end position is currently for a reduction to the Council’s General Fund balance of £163k.
3. The details of specific budgetary issues identified by officers and the actions being taken to address those issues
4. The current level of Capital expenditure as shown on Appendix 2.