Chichester District Council
Issue

Issue - meetings

Financial Monitoring 2015-16

Meeting: 01/12/2015 - Cabinet (Item 107)

107 Financial Monitoring 2015-16 pdf icon PDF 90 KB

The purpose of this report is to assist the Cabinet in monitoring its 2015-16 revenue and capital budgets, and to take any necessary action in order to comply with the Council’s Financial Regulations.

Additional documents:

Decision:

RESOLVED

 

(1)  That the 2015-16 forecast revenue outturn position on the Council’s General Fund (Appendix 1) be noted.

 

(2)  That the progress made to date on the 2015-16 capital projects (Appendix 2) be noted. 

 

Minutes:

The Cabinet considered the report circulated with the agenda (copy attached to the official minutes).

 

In the absence of Mrs Hardwick, Mr Dignum introduced the report, explaining that the monitoring report revealed a good news story with the year-end prediction of a £1.16m surplus in place of a break-even budget. Heads of Service had updated their forecasts for their year-end out-turns. These reflected the buoyant state of the district economy with car parks fuller than expected and more planning applications coming in. Investment income had increased, thanks to the recent investment in Crane Street, Chichester, and some other income sources had improved. Costs had been well-controlled.

 

RESOLVED

 

(1)  That the 2015-16 forecast revenue outturn position on the Council’s General Fund (Appendix 1) be noted.

 

(2)  That the progress made to date on the 2015-16 capital projects (Appendix 2) be noted. 


 

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