Cabinet has reviewed the council’s projected performance for 2018/19
Herefordshire Council’s Cabinet has today (Thursday 28 February 2019) reviewed the third quarter corporate budget and performance report for 2018/19.
At the end of December 2018, the revenue outturn was a projected overspend of £289k by the end of the 2018/19 financial year.
Herefordshire Council has delivered a balanced revenue outturn in previous financial years by making savings to compensate for the reduction in central government funding. The council has continued to prioritise the delivery of key services needed by residents, but has worked hard to reduce the overall cost of providing these services by making good use of resources.
The capital programme budget for the next three financial years has increased from £297.25m to £325.63m, following an overall increase of £28.38m received in grants. The current year forecast spend is £47.8m against an adjusted budget of £68.6m (the capital programme budget was originally approved at £145.3m for 2018/19). The forecast will continue to fluctuate over the year as the budget is spent on capital schemes.
The majority of projects are being delivered to schedule with 52% of Corporate Delivery Plan performance measures showing improved or stable performance. Action plans are being developed to address the in-year pressures which may affect meeting the targets set in the council’s Corporate Delivery Plan.
Published: Thursday, 28th February 2019