Issue - meetings

This report provides the details of the County Council’s 2019/20 financial position as at 31 December 2019 (M9) 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.

RESOLVED:

To note the Council’s forecast revenue and capital budget positions for the year.

Reason for decision:

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]

The Cabinet Member for Finance gave a detailed overview of the report which reflected revenue and capital budgets, the expected outlook for the remainder of the financial year and, also as a quarter-end report.  It also included Treasury Management and Debt.  Whilst there had been a negative movement on the revenue outlook  since last month’s report the Cabinet Member confirmed that a balanced budget still looked achievable.

RESOLVED:

To note the Council’s forecast revenue and capital budget positions for the year.

Reason for decision:

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