Decision details

Corporate Revenue Monitor 2018/19 Month 3 - 30th June 2018

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Forecast of spend v budget for 2018-19

Decision:

1.      Strategic Leadership Team Directors to take urgent action to bring any staffing overspends in line with budgets.

2.    To note the forecast General Fund outturn and note that officers are developing further plans to reduce the overspend for discussion with Directors and ratification by the Strategic Leadership Team.

3.    To set aside £13.432 million in earmarked reserves regarding the forecast DSG deficit. Further discussions are required to explore options that reduce the underlying deficit, and recover the overpayment, to reduce the reliance on reserves.

4.    To note the HRA forecast overspend and note that officers are developing further plans to reduce the overspend for discussion with Directors and ratification by the Strategic Leadership Team.

5.    To agree the budget virements detailed in appendix 10.

Report author: Gary Ironmonger

Publication date: 09/10/2018

Date of decision: 08/10/2018

Decided at meeting: 08/10/2018 - Cabinet

Accompanying Documents: