Issue - meetings
Overview of the Revenue Budget
Meeting: 02/10/2007 - Executive (Item 117)
117 Overview of the General Fund Budget 2007/08 
PDF 71 KB
To consider the report of the Head of Treasury Services.
(Report circulated)
Additional documents:
Minutes:
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)
Meeting: 19/09/2007 - Scrutiny Committee - Resources (Item 53)
53 Overview of the General Fund Budget 2007/2008 PDF 71 KB
To consider the report of the Head of Treasury Services - report circulated
Additional documents:
Minutes:
The Head of Treasury Services presented a report on the overall projected financial position of the General Fund Revenue Budget after three months, for the 2007/2008 financial year.
In answer to questions from the Chair, the Head of Treasury Services stated that some investment funds had been returned to be managed by the in-house finance team, this amounts involved were £10 million being managed in-house, with £20 million being invested with the Fund Managers. He would circulate to Members the additional income figures for the Scrutiny Committee – Community.
The Scrutiny Committee - Resources supported the report and recommended approval by Executive of the forecast financial position for the 2007/2008 financial year.
(Report circulated)