Item 7 - Month 6 Revenue Forecast 2019/20 (G13/19)

Summary 

This report:
• Outlines actual income and expenditure against the approved income and expenditure in the budget to the end of September 2019 for the Grants Committee;
• Provides a forecast of the outturn position for 2019/20 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 2019/20, which is the third year of the current four-year programme of commissions. At this stage, a surplus of £40,000 is forecast over the approved budget.