Recommendations
The Executive is asked to note the overall forecast surplus as at 31 December 2018 (Month 9) of £2,563 million and note the position on reserves as detailed in paragraphs 19-20.
Item 7 - Month 9 Revenue Forecast 2018/19 (E26/19)
Summary
This report summarises actual income and expenditure recorded in the accounts as at 31 December 2018 (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.