Recommendations
The Executive is asked to note the overall forecast surplus as at 30 June 2015 (Month 3) of £1.671 million and note the position on reserves as detailed in paragraphs 13-15.
Item 7 - Month 3 Revenue Forecast 2016/17 (E8/9)
Summary
This report summarises actual income expenditure recorded in the accounts as at 30 June 2015 (Month 3), provides a projected outturn figure 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.