Issue - meetings
2017/18 Budget Management Statement - Quarter 1
Meeting: 25/10/2017 - Cabinet (Item 43)
43 2017/18 Budget Management Statement - Quarter 1 
PDF 77 KB
Report of the Head of Shared Financial Services attached
Additional documents:
- 07(i) - Appendix One Budget Monitoring report Quarter One 201718 (002), item 43
PDF 282 KB
View as DOCX (43/2) 311 KB
- 07(ii) - Appendix 2 FINAL Capital Monitoring Appendix Q1 2017, item 43
PDF 156 KB
Decision:
RESOLVED (UNANIMOUSLY):
That the 2017/18 Quarter 1 Budget Management statement (as at June 2017) be noted.
Minutes:
The Head of Shared Financial Services reported on the council’s overall financial position for the first quarter of 2017/18 compared to the financial plan. There was currently a forecasted £104,000 underspend of which £70,000 had been set aside to fund the Business Transformational Change project. In respect of capital programme for this period, expenditure was 14.1% of the budget.
In respect of investment, the procedure was proposed to be re-considered by council which had delayed the strategy and the time scales needed to be reviewed.
There was a request that the capital programme be closely monitored for slippage and be kept on track. The council had previously only spent £2m from a budget of £4.5m. This was being monitored and steps were being taken with budget holders to ensure accuracy.
RESOLVED (UNANIMOUSLY):
That the 2017/18 Quarter 1 Budget Management statement (as at June 2017) be noted.