Issue - meetings

The Committee received the third quarter monitoring report against the 2017/18 approved budget, which provided an update on the Revenue, Treasury and Capital budget position as at 31 December 2017.   It was forecasted that the year-end outturn position would be on budget at net expenditure level and after taking account of savings in borrowing costs, an underspend of £1m was predicted.  The underspend would be placed in an interest equalisation reserve at year end.

Members were reminded that the Executive and the Committee received the budget monitoring report on a quarterly basis, although the Portfolio Holder did received monthly updates on their Portfolios. 

Resolved to note the Revenue, Treasury and Capital budget position as at 31 December 2017.