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)