Agenda item

Report attached

Cabinet:

Cabinet are asked to note the revenue and Capital financial positions at Period 6 and the action plans being taken by services to reduce the overspend.

A report asked Cabinet to note the Revenue and Capital financial positions at Period 6 and the action plans being taken by services to reduce the overspend.

The Budget Monitoring Report was presented to the Cabinet as an update on the Financial monitoring position of the Council at the end of Period 6 noting a slight improvement in overspend.

Members noted officers and Councillors were lobbying for more funding and a potential solution for more government funding to be allocated to Havering but also noted that current savings that were made were bring outstretched by different demand pressures.

It was AGREED:

That Cabinet note the Revenue and Capital financial positions at Period 6 and the action plans being taken by services to reduce the overspend.