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Issue details

Finance Monitoring Report 2018-19

This report provides comparative information on the Council’s revenue expenditure for the period ended 30 September 2018.  Members are invited to consider the financial performance and any corrective action that may be deemed appropriate.

 

This report provides summary information on the overall spending position against the revenue budgets in the current year, as set out in the following tables:-

 

General Fund

Budget 2018/19

Budget to 30 Sep 18

Actual to

30 Sep 18

 

Variation

 

£000s

£000s

£000s

£000s

Service Budgets

10,769

1,957

1,833

-124

Non-Service Budgets

-2,329

-536

-534

2

Net Budgets

8,440

1,421

1,299

-122

 

Housing Revenue Account

Budget 2018/19

Budget to 30 Sep 18

Actual to

30 Sep 18

 

Variation

 

£000s

£000s

£000s

£000s

Income Budgets

-12,497

-6,265

-6,297

-32

Expenditure Budgets

11,222

3,627

3,238

-389

Other Budgets

1,140

0

0

0

Net Budgets

-135

-2,638

-3,059

-421

 

Revenue spending plans are showing an under spend for the period up to 30 September 2018.

 

While there are no areas of immediate concern, it is appropriate to monitor financial performance over the second half of the financial year to ensure that any slippage does not adversely affect the services provided to residents and customers.   Commentary on the most significant variations is set out in the briefing paper accompanying the report

Decision type: Non-key

Decision status: Recommendations Approved

Decision due: 5 Nov 2018 by Executive

Lead member: Executive Member for Policy & Resources

Lead director: Director of Finance & Resources

Contact: Caroline Hancock Email: chancock@fareham.gov.uk.

Decisions

Agenda items

 

 




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