Issue - meetings
Revenue Monitor 2014/15 Period 5
Meeting: 15/10/2014 - Cabinet (Item 49)
49 Revenue Monitoring Report - Quarter 2 2014/15 
PDF 253 KB
Lead Member – Mr Mike Owen, Portfolio Holder for Finance, Resources and Support.
Report of the Head of Finance, Governance and Assurance (Section 151 Officer) is attached marked 7.
Contact – James Walton (01743 255011)
Decision:
(a) That it be noted that at the end of Quarter 2 (29 August 2014), the full year forecast was a potential overspend of £1.603m.
(b) That the impact of this on the Council’s General Fund Balance be noted.
(c) That approval be given to credit notes for £113,425 and £162,000 being raised against sales ledger account S1/00587 in order to correct duplicate and incorrect debts within the account for care costs.
Minutes:
49.1 The Portfolio Holder for Finance, Resources and Support presented a report by the Head of Finance, Governance and Assurance (Section 151 Officer) – copy attached to the signed minutes – which set out the Revenue Forecast for 2014/15 as at Quarter 2, and identified the current projections on delivery of savings included within the forecast.
49.2 RESOLVED:
(a) That it be noted that at the end of Quarter 2 (29 August 2014), the full year forecast was a potential overspend of £1.603m.
(b) That the impact of this on the Council’s General Fund Balance be noted.
(c) That approval be given to credit notes for £113,425 and £162,000 being raised against sales ledger account S1/00587 in order to correct duplicate and incorrect debts within the account for care costs.