Issue - meetings
Fianancial Monitoring - Revenue Budget
Meeting: 20/10/2011 - Cabinet (Item 48)
48 Financial Monitoring - Revenue Budget 2011/12 
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To consider a report by the Head of Financial Services outlining spending variations.
Contact: S Couper 388103
Decision:
Noted the projected budget outturn for 2011/12 together with details of variations from the previous forecast.
Minutes:
The Cabinet received a report by the Head of Financial Services (a copy of which is appended in the Minute Book) on the projected budget outturn for 2011/12 together with details of variations from the previous forecast.
Members noted that the expected outturn of revenue expenditure was £22.2m which represented a reduction in the approved budget of £398,000. However, Executive Councillors acknowledged that some £3m of reserves was required to balance the budget. Whereupon, it was
RESOLVED
that the contents of the report now submitted be noted.