Public reports pack PDF 3 MB - Blaby District Council

BLABY DISTRICT COUNCIL
Meeting: Cabinet Executive
Date: 19 th November, 2012
Subject: Half Year Budget Review and Budget Issues 2012/13
Report author
and contact
details:
Portfolio Holder:
Status: Public
1. Purpose of Report
Jim Holden
Deputy Chief Executive
Council Offices
0116 272 7502
Councillor John Hudson – Finance & Efficiencies
Portfolio Holder
1.1 To bring to the attention of the Cabinet Executive a number of matters in
relation to the approved budgets for 2012/13 financial year based on the
performance over the first six months of the financial year.
2.
2.1
2.2
3.
3.1
Recommendation to Cabinet Executive
That the Cabinet Executive accepts the outcome of the half-yearly budget
review including the revised outturn forecast and in particular those specific
areas of income and expenditure which have been highlighted.
That the Council makes an additional contribution of £175,496 from the
General Fund Balances, representing the amount by which 2012/13 net
expenditure is projected to exceed the original net revenue expenditure
budget.
Reason for Decision Recommended
The most recent information relating to actual expenditure and income
performance against the budget for the first half of 2012/13 indicates that
the Council’s General Fund Revenue Account net expenditure is likely to
exceed the original budget by around £175,000.
4. Forward Plan
Yes
Page 135
Agenda Item 11