Hounslow Council


Decision details

CEX 148 - Monthly Financial Monitoring

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

Resolved:

 

That Cabinet agreed the recommendations of the report as follows:

 

1.     Cabinet noted the following:

 

a)    Revenue Outturn Position;

·       A net overspend of £5.6m is currently projected on General Fund budgets.

·       Projected funding shortfall for Dedicated Schools Grant (DSG) is £1.2m (paragraph 4.2 of the report) which will need to be covered by the DSG reserve.

·       Projected underspend of £0.17m on the Housing Revenue Account (paragraph 4.3 of the report).

·       2.95% of 2016/17 approved revenue savings are currently delayed and 20.00% are currently at risk of not being achieved in the current financial year (paragraph 4.5 of the report).

   

b)    Projected Capital Programme Spend for 2016/17 is £119.0m in 2016/17 (as detailed in Appendix B of the report).

c)     Update on the Council’s Treasury Management activity against approved strategy (paragraph 6.1 of the report).

d)    Summary of bad debts totalling £0.96m awaiting approval to be written off (paragraph 7.1 of the report).

e)    An update on the Council’s performance against the key corporate financial indicators (paragraph 8.1 of the report).

 

Publication date: 22/03/2017

Date of decision: 21/03/2017

Decided at meeting: 21/03/2017 - Cabinet

Accompanying Documents: