137 Financial Monitoring - Revenue Budget PDF 16 KB
To consider a report by the Head of Financial Services outlining spending variations.
Contact: S Couper 388103
Decision:
Noted expected budget variations already identified in the current year in the Revenue Budget.
Minutes:
The Cabinet received and noted a report by the Head of Financial Services (a copy of which is appended in the Minute Book) detailing anticipated budget variations in the current year.
In considering the content of the report and the outturn assessment, Members’ attention was drawn to a dispute with a previous insurer over liability for reimbursement for a claim that had been paid by the Council. It was reported that the Council was likely to pursue the matter through the courts, as a test case, the cost of which would be met by the current insurers. Whereupon it was
RESOLVED
that the spending variations estimated in the Revenue Budget be noted.