Issue - meetings
Performance Report, Q4
Meeting: 16/07/2018 - Cabinet (Item 10)
10 Quarter 1 Financial Forecast 2018/19 
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This report sets out the current forecasts of income and expenditure against the revenue budget for 2018/19 and other key financial data.
Decision:
RESOLVED:-
10.1 Cabinet noted the overall financial position and the actions taken to manage the issues arising as set up in the report.
Minutes:
Councillor Margaret McLennan, Deputy Leader of the Council, introduced the report setting out the current forecasts of income and expenditure against the revenue budget for 2018/19 and other key financial data.
Councillor McLennan stated that, with the exception of the pressure against the Housing Association Leasing Scheme (HALS) budgets, the Council is on track to spend within its budget as set out below.
Councillor McLennan stated that this is not without risk, but to date identified risks can be addressed by offsetting against underspends and use of contingencies within the budget.
Councillor Muhammed Butt, Leader of the Council, urged Cabinet Members to monitor the budgets within each portfolio closely.
RESOLVED that Cabinet noted the overall financial position and the actions taken to manage the issues arising as set up in the report.