Council services by letter

Decision details

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Revenue and Capital Monitoring 2019/20 - Quarter 2 as at 30 September 2019

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

1.    To note the revenue and capital forecast position as at quarter 2;

2.    To approve virements;

3.    To approve any amendment in the Capital Programme delegated to Cabinet.

Decisions:

RESOLVED:  That

 

(1)          the revenue and capital forecast positions, as set out in paragraphs 1.1 and 1.2 of the report, be noted;

 

(2)          the proposed addition to the Capital Programme, as set out in paragraph 3.41 to  3.43 of the report, be approved;

 

(3)          the proposed realignment of the Capital Programme as set out in paragraph 3.44 of the report, be approved;

 

(4)          the progress on the Council’s Trading Company update as at Quarter 2, as detailed in Appendix 6 to the report, be noted.

 

Reason for Decision:  To report the 2019/20 forecast financial position as at Quarter 2 (30 September 2019), to update Cabinet on the progress of the 2019/20 Revenue budget and Capital Programme and to seek approval for an adjustment to the Capital Programme which required Cabinet approval in accordance with the Authority’s Financial Regulations.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Dawn Calvert

Publication date: 10/01/2020

Date of decision: 09/01/2020

Decided at meeting: 09/01/2020 - Cabinet

Effective from: 18/01/2020

Accompanying Documents: