Decision - Targeted Budget Management (TBM) 2012/13 Month 7

To update members on the Capital and Revenue financial performance of the Authority's General Fund Housing Revenue Account at month 7.

75.1         The Committee considered a report of the Director of Finance on the Targeted Budget Monitoring (TBM), a key component of the Council’s overall performance monitoring and control framework. The forecast outturn position was set out as of Month 7 on the Council’s revenue and capital budgets for the financial year 2012/13.

75.2         In response to a query from Councillor Wealls it as explained by the Director of Finance that the Dedicated Schools Grant savings were effectively a funding switch as some of the services that were funded through the General Fund could be done through the Schools Fund to meet the General Fund Savings target.

75.3         RESOLVED – That the Committee note the report to the Policy & Resources Committee on 29 November 2012 (Appendix 1).