Decision details
Financial Monitoring Quarter 3 Report
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To receive an update on financial monitoring information for the third quarter 2014/15.
Decision:
RESOLVED:
1. The savings achieved in year total £833k be noted.
2. The forecast year end position for 14/15 is to increase the Council’s General Fund balance by £264k.
3. In addition to the general fund increase it is currently estimated that £150k will be transferred to an earmarked reserve for Regeneration as a result of surpluses generated by assets transferred to council ownership from the South West Regional Development Agency.
Report author: Jon Topping
Publication date: 25/02/2015
Date of decision: 25/02/2015
Decided at meeting: 25/02/2015 - Cabinet
Effective from: 05/03/2015
Accompanying Documents:
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