Issue - meetings

2019/2020 Budget Monitoring - Quarter 3

Meeting: 05/02/2020 - Cabinet (Item 7)

7 2019/2020 Budget Monitoring - Quarter 3 pdf icon PDF 693 KB

The Leader’s Portfolio


To consider report FIN/492 of the Head of Corporate Finance.


The Leader of the Council presented report FIN/492of the Head of Corporate Finance to the Cabinet which provided a summary of the Council’s actual revenue and capital spending up to the third quarter ending December 2019. It identified the main variations from the approved spending levels and any potential impact on future budgets.


Councillor P Smith also spoke on the item, commenting that pleasingly the projected revenue shortfall relating to planning applications had reduced by £46,000 with the projected £59,000 shortfall. It was hoped that a number of major planning applications, which had been on hold due to a number of national factors, would be coming through soon and should equate for the missing revenue.





That Cabinet notes the projected outturn for the year 2019/2020 as summarised in report FIN/492.


Reasons for the Recommendations


To report to Councillors on the projected outturn for the year (2019/2020) compared to the approved budget.