Issue - decisions

Financial Monitoring Quarter 2 Report

07/12/2016 - Financial Monitoring Quarter 2 Report



1.    The savings achieved in year to date total £366k with a further £363k in progress.


2.    The forecast year end position is currently for a reduction to the Council’s General Fund balance of £132k, an improvement of £125k since Quarter 1.


3.    The deficit position includes a proposed transfer to the Business Rates Reserve of £100k


4.    The actual and expected levels of income for the Council shown at Appendix 3.


5.    The details of specific budgetary issues identified by officers and the actions being taken to address those issues


6.    The current level of Capital expenditure as shown on Appendix 2.