Issue - meetings

2018/19 Revenue Budget Monitoring Report for the Period Ending 31st December 2018

Meeting: 07/02/2019 - District Executive (Item 115)

115 2018/19 Revenue Budget Monitoring Report for the Period Ending 31st December 2018 PDF 138 KB

Additional documents:

Decision:

RESOLVED:	That District Executive agreed to:-
	a.	note the current 2018/19 financial position of the Council;
	b.	note the reasons for variations to the previously approved Directorate Budgets as detailed in paragraph 9, Table 1;
	c.	note the virements made under delegated authority as detailed in Appendix B; and
	d.	note the transfers made to and from reserves outlined in paragraph 28, Table 5 and the position of the Area Reserves as detailed in Appendix C and the Corporate Reserves as detailed in Appendix D.
Reason:	To provide Members with the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget.

Minutes:

The Portfolio Holder for Finance and Legal Services introduced the report and noted a small correction in the table at page 60 which should be a minus figure.

The Lead Specialist – Finance noted that there was a decline in car park income and the sale of season tickets. This may be due to the new car park at Yeovil District Hospital.

There was no debate and Members were content to confirm the recommendations of the report.

RESOLVED:	That District Executive agreed to:-
	a.	note the current 2018/19 financial position of the Council;
	b.	note the reasons for variations to the previously approved Directorate Budgets as detailed in paragraph 9, Table 1;
	c.	note the virements made under delegated authority as detailed in Appendix B; and
	d.	note the transfers made to and from reserves outlined in paragraph 28, Table 5 and the position of the Area Reserves as detailed in Appendix C and the Corporate Reserves as detailed in Appendix D.
Reason:	To provide Members with the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget.