Issue - meetings

Financial Monitoring 2016/17 Quarter 3

Meeting: 29/03/2017 - Business Overview and Scrutiny Committee (Item 70)

70 Financial Monitoring 2016/17 Quarter 3 pdf icon PDF 75 KB

Additional documents:


Jenny Spick, Senior Manager, Financial Planning and Policy, introduced a report which set out the projected revenue and capital monitoring position for 2016/17 as at the close of quarter 3 (31 December 2016).


The quarter three revenue forecast was for an overall underspend of £0.4 million for the year (£0.2 million overspend was forecast at quarter 2). People (the former Families and Wellbeing areas) had a significant forecast overspend which had been offset largely by one-off savings within Business Services treasury management.


The quarter three capital report updated the capital programme and reflected significant re-profiling of schemes between years to reduce the 2016/17 capital programme to £30.7 million. Expenditure after the third quarter concluded was £16.4 million.


Resolved – That the report be noted.