Issue - meetings

This report summarises the most significant issues for the Council’s 2019/20 financial position as at 31 May 2019 for revenue and capital budgets. Annex1 provides further details on service budgets, expenditure to date and year-end forecast.

[The decisions on this item can be called in by the Resources & Performance Select Committee]

RESOLVED:

Cabinet noted that;

1.            The Council’s forecast revenue and capital budget positions for the year.

Cabinet approved;

2.            The re-profiled 2019/20 capital budget of £114m, and

3.            The draw-down of revenue funding carried forward at outturn for;

              i.        £0.28m for bus planning

             ii.        £0.05m for completed local highways works

            iii.        £0.23m for Economic Development

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 Resources & Performance Select Committee]

The Cabinet Member for Finance gave highlights from a report that summarised the most significant issues for the Council’s 2018/19 financial position as at 31 May 2019 for revenue and capital budgets. Annex 1 to the report provided further details on service budgets, expenditure to date and year-end forecast.

The Leader of the Council informed Members that there would be a thorough look at the capital budget going forward.  He also reiterated the challenges faced by the Council.

RESOLVED:

Cabinet noted that;

1.            The Council’s forecast revenue and capital budget positions for the year.

Cabinet approved;

2.            The re-profiled 2019/20 capital budget of £114m, and

3.            The draw-down of revenue funding carried forward at outturn for;

              i.        £0.28m for bus planning

             ii.        £0.05m for completed local highways works

            iii.        £0.23m for Economic Development

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 decision was unanimous.