Issue - meetings
Quarter 1 2016/17 - Revenue and Capital Budget Monitoring Report
Meeting: 05/09/2016 - Executive (Item 50)
50 Quarter 1 2016/1 - Revenue and Capital Budget Monitoring Report 
PDF 236 KB
Report of the Chief Finance Officer
Purpose of Report
This report summarises the Council’s Revenue and Capital position as at the end of the first three months of the financial year 2016-17 and projections for the full year.
1.0 Recommendations
Executive Committee is recommended:
1.1 To note the projected revenue and capital position at June 2016.
Additional documents:
- Copy of Appendix 1 - CDC Q1 Summary Budget Monitoring 16-17 v2, item 50
PDF 256 KB
- Copy of Appendix 2, item 50
PDF 57 KB
- Webcast for Quarter 1 2016/1 - Revenue and Capital Budget Monitoring Report
Decision:
Resolved
(1) That the projected revenue and capital position at June 2016 be noted.
Minutes:
The Chief Finance Officer submitted a report which summarised the Council’s Revenue and Capital position as at the end of the first three months of the financial year 2016-17 and projections for the full year.
Resolved
(1) That the projected revenue and capital position at June 2016 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 formulated in conjunction with the joint management team and reported formally to the Budget Planning Committee on a quarterly basis. The report is then considered by the Executive.
Alternative options
Option 1: This report illustrates the Council’s performance against the 2016-17 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.