Issue - meetings

To consider the report of the Chief Finance Officer.

The Chief Finance Officer presented the quarterly financial update report which advised Members of any material differences, by management unit, between the 2018/19 approved budget and the current outturn forecast in respect of Corporate Services Scrutiny Committee. Exeter City Council, had a statutory duty to set and monitor budgets throughout the year, taking necessary actions where required for potential overspending or potential shortfalls in income.

The current forecast showed that against the revised budget, the net expenditure for the Corporate Services Scrutiny Committee would decrease from the revised budget by a total of £24,500 after transfers to and from reserves, representing a favourable variation of 0.31% from the revised budget, including a supplementary budget of £587,590 that had been previously agreed.

Corporate Services Scrutiny Committee noted the report.