Item 6 - Month 6 Revenue Forecast 2018/19 (G11/18)


This report outlines actual income and expenditure against the approved budgets for 2018/19 to the end of September 2018 for the Grants Committee and provides a forecast of the outturn position for 2018/19 for both actual and committed expenditure on commissions, including:

•    Those matched funded ESF commissions that are within the Grants Programme (i.e., excluding borough-specific ESF projects); and

•    London Councils’ administration of all these commissions. 

Members are reminded that the position reported in this report is at the end of the second quarter of 2018/19, which is the second year of the current four-year programme of commissions. At this stage, a surplus of £110,000 is forecast over the approved budget. 


The Grants Committee is asked to :

•    Note the projected surplus of £110,000 for the year; and
•    Note the projected level of Committee reserves, as detailed in paragraph 11 of this report and the commentary on the financial position of the Committee included in paragraphs 12-13.