Decision details

The report of the Head of Treasury Services was submitted advising Members of the overall projected financial position of the General Fund Revenue Budget after three months, for the 2007-2008 financial year.

Scrutiny Committee – Resources considered the report at their meeting on 19 September 2007 and the support and comments of Members were noted. The Head of Treasury Services reported a very small forecast overspend of 0.52% of the revised budget. He informed members that the performance of the Fund Manager was continuously monitored and that a proportion of investments were managed in-house.

RESOLVED that the forecast financial position for the 2007-2008 financial year be noted.

(Report circulated)