Item 7 - Month 3 Revenue Forecast 2020/2021 (E8/20)

Summary 

This report summarises actual income expenditure recorded in the accounts as at 30 June 2020 (Month 3), 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.

 

 

Recommendations 
The Executive is asked to note the overall forecast surplus as at 30 June 2020 (Month 3) of £109,000 and note the position on reserves as detailed in paragraphs 18-19.