Issue - meetings

The Cabinet considered the report of the Head of Corporate Resources in relation to:

1.             the current forecast revenue outturn position for the Council for 2019/20;

2.             the current forecast on Council Tax and Business Rates collection for 2019/20; and,

3.             the monitoring position of the Council’s capital programme to the end of August 2019, the forecast expenditure to year end, variations against the approved budgets and an explanation of those variations for consideration by Members. Updates to spending profiles and proposed amendments to capital budgets necessary to ensure the efficient delivery of capital projects are also presented for approval.

Decision Made: That the Cabinet:

(1)              note the following in relation to the Revenue Budget;

(a)           the current forecast revenue outturn position for 2019/20 and the current position relating to delivery of savings included in the 2019/20 revenue budget;

(b)           the mitigating measures being used to ensure a balanced forecast outturn position;

(2)      note the following in relation to the Capital Programme;

(a)          the latest capital expenditure position as at 31 August 2019 to date of £4.7m (paragraph 5.2.2) with the latest full year forecast being £26.7m (paragraph 5.3.1);

(b)           the explanations of variances to project budgets (paragraph 5.3.2); and

(c)           that capital resources will be managed by the Head of Corporate Resources to ensure the capital programme remains fully funded and that capital funding arrangements secure the maximum financial benefit to the Council.