36 Council Finances as at 31 December 2017 PDF 108 KB
Minutes:
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.
110 Council Finances as at 31 December 2017 PDF 118 KB
Minutes: