Decision details

To consider the month end budget report and make any recommendations as appropriate.

RESOLVED:

That the following be noted:

1.         The Council’s overall revenue and capital budget positions as at 28 February 2019:

·         £0.4m forecast draw down from reserves; following the successful drive to reduce costs by £106m during this financial year

·         £20.8m forecast underspend against the original 2018/19 budget; and

·         £118m forecast service capital programme outturn against £137m 2018/19 budget.

That the following be approved, in principle, subject to confirmation in the Year-End report to be presented to the Cabinet in May 2019:

2.         The carry forward of £4.1m of revenue budget into the 2019/20 financial year.

3.       All Cabinet Members had confirmed their service’s forecast for the year.

Reason for Decision:

This report is presented to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.

[The decisions on this item can be called in by the Corporate Overview Select Committee]