Decision details

RESOLVED:

That the following be noted;

1.    the Council’s overall revenue and capital budget positions as at 31 March 2019:

·         £21.8m underspend against the original 2018/19 budget;

·         Contributions to Reserves of £0.5m and those set out in paragraphs 3, 8 and 12 to 14 of the submitted report;

·         Use of £14.4m capital receipts in-year to support transformation; and

·         £117m service capital expenditure against £139m budget

That the following be approved;

2.    The carry forward of revenue budget underspends of £0.3m, in addition to the £4.1m approved at Month 11.

3.    The carry forward of capital budget underspends of £19.5m.

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]