Decision details
Financial Monitoring Quarter 2 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 201/1.
Decision:
RESOLVED:
1. The savings achieved in year to date total £366k with a further £363k in progress.
2. The forecast year end position is currently for a reduction to the Council’s General Fund balance of £132k, an improvement of £125k since Quarter 1.
3. The deficit position includes a proposed transfer to the Business Rates Reserve of £100k
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: 07/12/2016
Date of decision: 07/12/2016
Decided at meeting: 07/12/2016 - Cabinet
Effective from: 15/12/2016
Accompanying Documents:
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