Issue - meetings

Monthly Budget Monitoring

Meeting: 28/01/2020 - Cabinet (Item 14)

14 2019/20 Month 8 (November) Financial Report pdf icon PDF 148 KB

This report provides the details of the County Council’s 2019/20 financial position as at 31 November 2019 (M8) for revenue and capital budgets, the expected outlook for the remainder of the financial year and also as a quarter-end report.  It includes Treasury Management and Debt.  Further details on Service budgets are to be found in Annex 1.

 

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

 

Additional documents:

Decision:

RESOLVED:

 

1.    That the amended capital budget of £122.1m which includes additional works in Epsom Town Centre funded by Epsom & Ewell Borough Council (£1.1m); be noted and approved.

 

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

 

Reason for decision

 

This report is 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 and Performance Select Committee]

 

Minutes:

The Cabinet Member for Finance gave a brief overview of the report which reflected progress to achieving a balanced budget without the use of reserves by the end of the financial year. He did however draw attention to two main areas which need continued attention: Special Education Needs & Disabilities and the growing number of residents requiring Adult Social Care services.

 

RESOLVED:

 

1.    That the amended capital budget of £122.1m which includes additional works in Epsom Town Centre funded by Epsom & Ewell Borough Council (£1.1m); be noted and approved.

 

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

 

Reason for decision

 

This report is 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 and Performance Select Committee]