Issue - meetings

To consider the report of the Cabinet Member for Performance and Resources that seeks Members to note year-end forecasts, and progress made against agreed savings targets for the 1st quarter ended 30^th June 2018.

RESOLVED that it is noted:

(1)         the savings achieved in year to date total £150k with a further £197k in progress.

(2)         the forecast year end position is currently for an increase to the Council’s General Fund balance of £47k against a budgeted increase of £163k.

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

(4)         the current level of Capital expenditure as shown on Appendix 2.

Cabinet considered the report of the Cabinet Member for Performance and Resources that informed Members of year-end forecasts, and progress made against agreed savings targets for the first quarter ended 30^th June 2018.

The Cabinet Member for Performance and Resources highlighted the positive progress over recent years, thanked the finance team for their support and recommended Members continue to closely monitor progress in their portfolios.  The Cabinet Member for Regeneration and Economy noted the improvements since the Member for Performance and Resources had been in post and acknowledged the need for careful monitoring as there were still areas of concern.

RESOLVED that it is noted:

(1)         the savings achieved in year to date total £150k with a further £197k in progress.

(2)         the forecast year end position is currently for an increase to the Council’s General Fund balance of £47k against a budgeted increase of £163k.

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

(4)         the current level of Capital expenditure as shown on Appendix 2.