44 revenue monitoring: 2007/08 outturn and 2008/09 Budget PDF 183 KB
To consider a report by the Head of Financial Services.
Contact: S Couper 388103
Decision:
Noted the spending variations for the revenue budget 2007/08 and the position on debts collected and written off.
Minutes:
A report by the Head of Financial Services was submitted (a copy of which is appended in the Minute Book) which contained details of the outturn of revenue expenditure for 2007/08 and the variations between the original and the revised budget for that year.
In congratulating officers on the total net variation of £2.5m from the original budget and noting the action to be taken to enhance the budget monitoring process in the future, Executive Councillors raised concerns over the increasing level of fuel and utility costs and the impact of the current economic downturn on land charges income. Councillor Rogers drew attention to the potential implications on future levels of Council Tax and the budget for 2009/10 in the event of the Government failing to acknowledge the impact of the increasing costs and loss of income in the award of Revenue Support Grant.
Having noted a summary of debts received and amounts written off during April to June 2008, the Cabinet
RESOLVED
(a) that the spending variations for the revenue budget 2007/08 be noted; and
(b) that the position on debts collected and written off as set out in Annex C to the report now submitted be noted.