Issue - meetings

Quarterly Budget Monitoring - Quarter 2 - July to September 2012

Meeting: 20/11/2012 - Executive (Item 99)

99 Quarterly Budget Monitoring - Quarter 2 - July to September 2012 pdf icon PDF 98 KB

To provide Members with an overview of the budget, including the achievement of approved savings as at the end of Quarter 2, 2012/13.

 

(Report attached)

Minutes:

The Committee received the report on the previous quarter’s Budget position. Officers highlighted the fact that this was the first occasion on which Members were being presented with a projected year-end position. Current indications were that there was expected to be a shortfall of £48,000 by the end of the current year. Heads of Service were tasked with identifying means of addressing this shortfall prior to the year-end. Capital spending was reported to be in line with projections.

 

Members were updated on the spend on the Disabled Facilities Grants. It was noted that there was going to be a significant underspend on this budget although this did not reflect a fall-off in the numbers of applications for Grants but rather a drop in the value of the Grants being sought.

 

RESOLVED that

 

the current financial position on Revenue and Capital be noted, as detailed in the report.