Issue - meetings

This report summarises the most significant issues for the Council’s 2019/20 financial position as at 31July 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:

That the Council’s forecast revenue and capital budget positions for the year was noted.

Reason for decision:

This report was 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 introduced the month four monitoring report and stated that the council was on target to reach the £200m target savings over the next year.  In response to a question he confirmed that recent Government announcements, on additional funding, would not have an impact on this financial year.

RESOLVED:

That the Council’s forecast revenue and capital budget positions for the year was noted.

Reason for decision:

This report was 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.

Miss Alison Griffiths left the room for 2 minutes at the end of this item.