Issue - meetings
Quarter 2 2017/2018 Revenue and Capital Monitoring
Meeting: 04/12/2017 - Executive (Item 82)
82 Quarter 2 2017-18 - Revenue and Capital Budget Monitoring and Reserves Monitoring Report 
PDF 212 KB
Report of Chief Finance Officer
Purpose of report
This report summarises the Council’s Revenue, Capital and Reserves position as at the end of the second quarter of the financial year 2017-18 and projections for the full year.
Recommendations
The meeting is recommended:
1.1 To note the projected revenue, capital and reserves position at September 2017.
Additional documents:
- Appendix 1 CDC Revenue, item 82
PDF 205 KB
- Appendix 2 CDC Capital, item 82
PDF 42 KB
- Appendix 3 CDC Reserves, item 82
PDF 36 KB
- Webcast for Quarter 2 2017-18 - Revenue and Capital Budget Monitoring and Reserves Monitoring Report
Decision:
Resolved
(1) That the projected revenue, capital and reserves position at September 2017 be noted.
Minutes:
The Chief Finance Officer submitted a report which summarised the Council’s Revenue, Capital and Reserves position as at the end of the second quarter of the financial year 2017-18 and projections for the full year.
Resolved
(1) That the projected revenue, capital and reserves position at September 2017 be noted.
Reasons
In line with good practice budget monitoring is undertaken on a monthly basis within the Council. The revenue, capital and reserves 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 2017-18 Financial Targets for Revenue and Capital and sets out the Council’s position on Reserves. As this is a monitoring report, no further options have been considered. However, members may wish to request that officers provide additional information.