Issue - meetings
Quarter 1 Financial Performance Report
Meeting: 24/07/2017 - Cabinet (Item 16)
16 Financial Forecast 2017/18 
PDF 193 KB
This report sets out the current forecasts of income and expenditure against the revenue budget for 2017/18 and other key financial data.
Decision:
RESOLVED that the overall financial position and the actions being taken to manage the issues arising be noted.
Minutes:
Councillor Margaret McLennan, Deputy Leader of the Council, introduced the report which set out the Council’s overall financial position with an outline of any variance on spend within the Council’s different directorates and the detail on the actions being taken by each service area to address any notable issues which had arisen. She noted that the Council continued to face difficult financial challenges in the face of reductions of the central government Revenue Support Grant (RSG) but the report provided assurance that the Council had acted to manage risks accordingly.
Councillor Miller commented on paragraph 3.25 and said it was important to address the key reasons why contracts were being re-let with no negotiated saving.
RESOLVED that the overall financial position and the actions being taken to manage the issues arising be noted.