Decision details

Financial Monitoring Quarter 1 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 first quarter 2015/16.

Decision:

RESOLVED

 

 

(1)           The savings achieved in year to date total £288k with a further £341k in progress.

 

(2)           The forecast year end position is currently for a reduction to the Council’s General Fund balance of £257k.

 

(3)           The deficit position includes a proposed transfer to the Business Rates Reserve of £120k

 

(4)           The actual and expected levels of income for the Council shown at Appendix 3.

 

(5)           The details of specific budgetary issues identified by officers and the actions being taken to address those issues

 

(6)           The current level of Capital expenditure as shown on Appendix 2.

 

Report author: Jon Topping

Publication date: 14/09/2016

Date of decision: 14/09/2016

Decided at meeting: 14/09/2016 - Cabinet

Effective from: 22/09/2016

Accompanying Documents: