Issue - meetings

Report of Director of Resources

Purpose of report

To summarise the Council’s Revenue and Capital position as at the end of the first nine months of the financial year 2015-16 and projections for the full 2015/16 period.

Recommendations

The meeting is recommended:

 1.1        To note the projected revenue and capital position at December 2015.      

Resolved

(1)          That the projected revenue and capital position at December 2015 be noted.        

The Director of Resources submitted a report which summarised the Council’s Revenue and Capital position as at the end of the first nine months of the financial year 2015-16 and projections for the full 2015/16 period.

Resolved

(1)          That the projected revenue and capital position at December 2015 be noted.        

Reasons

In line with good practice budget monitoring is undertaken on a monthly basis within the Council. The revenue and capital position is reported monthly to the Joint Management Team and formally to the Budget Planning Committee on a quarterly basis.

The revenue and capital expenditure in Q3 has been subject to a detailed review by Officers and reported monthly to management as part of the corporate dashboard.

Alternative options

Option 1: This report illustrates the Council’s performance against the 2015-16 Financial Targets for Revenue and Capital. As this is a monitoring report, no further options have been considered. However, members may wish to request that officers provide additional information.