Recommendations
The Executive is asked to note the overall forecast surplus as at 31 December 2015 (Month 9) of £1.989 million and note the position on reserves as detailed in paragraphs 14-16.
Item 5 - Month 9 Revenue Forecast 2015/16 (E3/16)
Summary
This report summarises actual income expenditure recorded in the accounts as at 31 December 2015 (Month 9), provides a projected outturn position for the year and highlights any significant forecast variances against the approved budget. A separate forecast is provided for each of London Councils three funding streams. The Executive is also provided with an update on London Councils reserves.