Hounslow Council


Agenda item

Monthly Revenue Financial Monitoring -

Decision:

Resolved:

 

That CabinetMembers notedthefollowing:

 

a)  RevenueOutturnPosition;

·    Anetoverspendof£8.3mis currentlyprojectedonGeneralFund budgets, includinga £13.9departmentaloverspend.

·    Projected overspendof £0.3m on theHousingRevenueAccount(para

4.2);

b)  Anupdateonthestatus of approvedsavingsfor 2017/18and2018/19(para

4.4)

 

c)  Anupdateonprogress on mitigation activityplansforservices overspending by morethan£100k.A summaryoftheseis locatedin section4.5.

 

d)  Summaryof baddebtstotalling£1.14m awaitingapproval tobewrittenoff (paragraph 5.2)

 

e)  An updateontheCouncil’s performance againstthekeycorporatefinancial indicators (para6.1).

 

 

CabinetMembers approvedthe following specific actions outlinedwithinthe mitigationplans:

oThe movement of£200k of savingssplit equallybetween:

o FinanceandCorporateServices;

o HumanResources;

o Customer Relations,

o CommunicationsandEngagement; and

o Governance.

OThe movement of£190k of savings toFacilities Management


 

 

 

Minutes:

Please see the report from Councillor Theo Dennison, Cabinet Member for Finance and Engagement (agenda item 14.)

 

Chief Executive Mary Harpley advised that the Council was doing all in its power to get spending below the budget. Cllr Steve Curran advised that a meeting was to be held soon on this matter. He moved approval of the recommendations in the submitted report and Cllr Amrit Mann seconded the motion.  

 

The recommendations had been moved and seconded. Members considered the report and all the issues and options contained therein and in conclusion the recommendations were agreed unanimously.

 

 

 

Resolved:

 

That CabinetMembers notedthefollowing:

 

a)  RevenueOutturnPosition;

·    Anetoverspendof£8.3mis currentlyprojectedonGeneralFund budgets, includinga £13.9departmentaloverspend.

·    Projected overspendof £0.3m on theHousingRevenueAccount(para

4.2);

b)  Anupdateonthestatus of approvedsavingsfor 2017/18and2018/19(para

4.4)

 

c)  Anupdateonprogress on mitigation activityplansforservices overspending by morethan£100k.A summaryoftheseis locatedin section4.5.

 

d)  Summaryof baddebtstotalling£1.14m awaitingapproval tobewrittenoff (paragraph 5.2)

 

e)  An updateontheCouncil’s performance againstthekeycorporatefinancial indicators (para6.1).

 

 

CabinetMembers approvedthe following specific actions outlinedwithinthe mitigationplans:

oThe movement of£200k of savingssplit equallybetween:

o FinanceandCorporateServices;

o HumanResources;

o Customer Relations,

o CommunicationsandEngagement; and

o Governance.

OThe movement of£190k of savings toFacilities Management


 

 

 

Supporting documents: