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Item 8 - Month 9 Revenue Forecast 2016/17 (E28/17)


This report summarises actual income expenditure recorded in the accounts as at 31 December 2016 (Month 9), 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. 


The Executive is asked to note the overall forecast surplus as at 31 December 2016 (Month 9) of £1.995 million, compared to £1.758 million as at Month 6, and to note the position on reserves as detailed in paragraphs 14-16.