Issue - meetings
Revenue Budget Monitoring 2016/17 (2nd Quarter) to end September 2016
Meeting: 13/12/2016 - Full Council (Item 8.)
8. Recommendations from the Cabinet Meeting held on 8 December in respect of items 8 and 9 
PDF 69 KB
To receive and consider the attached report of the Cabinet held on 8 December 2016, the recommendations for which will follow.
Additional documents:
- 2nd Quarter Budget Performance Monitoring Appendix A, 08/12/2016 Cabinet, item 8.
PDF 24 KB
- Appendix 1 Revenue Budget Amendment - Liberal Democrat (Redacted)
- Appendix 2 Revenue Budget Amendment - UKIP (Redacted)
- Appendix 3 Revenue Budget Amendment - Labour (Redacted)
Meeting: 08/12/2016 - Cabinet (Item 6.)
6. Budget and Performance Monitoring 2016/17 (2nd Quarter) to end September 2016 PDF 69 KB
The purpose of the report by the Director of Finance and Information Service is to update members on the current Revenue Budget position of the Council as at the end of the second quarter for 2016/17 in accordance with the proposals set out in the “Portsmouth City Council - Budget & Council Tax 2016/17 & Medium Term Budget Forecast 2017/18 to 2019/20” report approved by the City Council on the 9th February 2016.
RECOMMENDED to Council that:
(i) The forecast outturn position for 2016/17 be noted:
(a) An overspend of £418,600 before further forecast transfers from/(to)
Portfolio Specific Reserves & Ring Fenced Public Health Reserve
(b) An overspend of £33,300 after further forecast transfers from/(to)
Portfolio Specific Reserves & Ring Fenced Public Health Reserve.
(ii) Members note that any actual overspend at year end will in the first instance be deducted from any Portfolio Specific Reserve balance and once depleted then be deducted from the 2017/18 Cash Limit.
(iii) Directors, in consultation with the appropriate Cabinet Member, consider options that seek to minimise any forecast overspend presently being reported and prepare strategies outlining how any consequent reduction to the 2017/18 Portfolio cash limit will be managed to avoid further overspending during 2017/18.
Additional documents:
Decision:
RECOMMENDED to Council that:
(i) The forecast outturn position for 2016/17 be noted:
(a) An overspend of £418,600 before further forecast transfers from/(to)
Portfolio Specific Reserves & Ring Fenced Public Health Reserve
(b) An overspend of £33,300 after further forecast transfers from/(to)
Portfolio Specific Reserves & Ring Fenced Public Health Reserve.
(ii) Members note that any actual overspend at year end will in the first instance be deducted from any Portfolio Specific Reserve balance and once depleted then be deducted from the 2017/18 Cash Limit.
(iii) Directors, in consultation with the appropriate Cabinet Member, consider options that seek to minimise any forecast overspend presently being reported and prepare strategies outlining how any consequent reduction to the 2017/18 Portfolio cash limit will be managed to avoid further overspending during 2017/18.
(N.B. as this item is referred to Council it is not subject to call-in)