Item 5B - Month 6 Revenue Budget Forecast 2019-20 (E12/19)

Summary 

This report summarises actual income expenditure recorded in the accounts as at 30 September 2019 (Month 6), 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 the position on London Councils reserves. 

 

Recommendations 

The Executive is asked to note the overall forecast surplus as at 30 September 2019 (Month 6) of £1.790 million, which compares to a forecast surplus at month 3 of £1.468 million and note the position on reserves as detailed in paragraph 19.