Regular budget monitoring reports play an important role in how the council ensures that its services operate within the limits of their budgets. It also enables budget managers to take appropriate and timely action when significant variations are forecast.
Each of the council's budgets is delegated to a designated budget manager who must comply with the requirements of the Financial Regulations contained within the council's constitution.
The budget manager is responsible for providing an explanation for a significant variation contained within the monitoring reports. Monitoring reports for revenue and capital budgets are reviewed by the Council's Senior Leadership Team and the members of the cabinet on a quarterly basis.