Improvement in financial forecast

By on 17/11/2009 in News

The latest update on Birmingham City Council's financial position for the 2009/10 financial year is due before Cabinet on November 23.

Figures at the end of Month 6 (September) show the forecast overspend for the year is estimated at £9.9million, which is down from the £11.6million projected at Month 5.

The improvement is mainly the result of further savings identified in several portfolios, in particular Regeneration and Transportation and Street Services.

Paul Dransfield, Corporate Director of Resources at Birmingham City Council, said: “The council is committed to being open about these pressures and it is important that the authority's monitoring system identifies pressures at an early stage so that solutions can be found.

“We have previously said that every effort is being made to cut our projected overspend and the further reduction of almost £2million from our last report shows that the remedial actions continue to have a positive effect.”

The ongoing impact of the economic downturn is also continuing to affect discretionary income areas including car parking and leisure.

For all areas, service managers are limiting costs to essential activity only and the monthly statements for the rest of the year will report the impact of these actions with the objective of eliminating overspends.

Alongside this, the delivery of the council's transformation programme is under regular review and future reports will propose actions to deal with the risks of any savings potentially being underachieved.


For further information contact Kris Kowalewski on 0121 303 3621

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