Recommendations
The Executive is asked to note the overall forecast surplus as at 31 December 2017 (Month 9) of £2.972 million and note the position on reserves as detailed in paragraphs 16-17.
Item 7 - Month 9 Revenue Forecast 2017/18 (E27/18)
Summary
This report summarises actual income and expenditure recorded in the accounts as at 31 December 2017 (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 summary forecast outturn position is as follows: