Financial Monitoring Report Quarter 2 - 2018/2019
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Portfolio Holder for Finance presented a report from the Head of Finance, Governance and Assurance [s151 Officer] on the projected revenue expenditure for the whole of 2018/19 as at Quarter 2 and the capital expenditure up to the end of Quarter 2.
i) That it be noted that at the end of Quarter 2 [30 September 2018], the full year revenue forecast is a potential overspend of £1.287M;
ii) That the impact of i) on the Council’s General Fund balance be considered;
iii) That the suggested management action that could be taken to reduce the forecast overspend to nil, be considered.
Publication date: 29/11/2018
Date of decision: 28/11/2018
Decided at meeting: 28/11/2018 - Cabinet
Effective from: 07/12/2018