In-year Monthly Budget Update
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
AGREED: That Cabinet:
i) noted the forecast revenue outturn for the year was an overspend on services of £7.396m which reduced to an overspend of £3.688m when including unallocated contingency budgets and changes to funding budgets (para 4);
ii) noted that the Council’s approach to in-year budget monitoring and management was being strengthened – as part of a wider approach to improving corporate governance at RBWM - as set out in within the report; and
iii) noted the forecast capital outturn was expenditure of £46.332m against a budget of £87.784m (para 11).
Publication date: 30/11/2023
Date of decision: 29/11/2023
Decided at meeting: 29/11/2023 - Cabinet
Effective from: 08/12/2023
Accompanying Documents: