Agenda item - Targeted Budget Management (TBM 7)

68.1         The Committee considered a report of the Executive Director of Finance & Resources in relation to the Targeted Budget Management (TBM) Provisional Outturn 2013/14. Targeted Budget Monitoring (TBM) reports were a key component of the Council’s overall performance monitoring and control framework. TBM reports were periodically presented to Policy & Resources Committee and were subsequently provided to the next available Audit & Standards Committee for information and consideration in the context of the Committee’s oversight role in respect of financial governance and risk management.  The TBM report set out the provisional outturn position on the Council’s revenue and capital budgets for the financial year 2013/14.

68.2         The Chair asked about the previously reported overspend in the budget and the Executive Director of Finance & Resources explained that this was reducing.

68.3         RESOLVED: That the Committee note the report referred from the Policy & Resources Committee.