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Financial Position as at 31 December 2018

Meeting: 07/02/2019 - Executive (Item 586)

586 Financial Position as at 31 December 2018 pdf icon PDF 141 KB

Additional documents:

Decision:

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none

Link to report

 

Minutes:

Councillor Hull introduced the report.  Councillor Webbe advised that Street Environment Services won the ‘Outstanding Service Delivery Award for Service Transformation & Remodelling’ at the Keep Britain Tidy Awards.  Councillor Watts congratulated the service and Councillor Webbe.

RESOLVED:

 

2.1         That the forecast revenue outturn for the General Fund (Table 1 of the report) of a gross underspend of £0.5m (Paragraph 3.1 of the report), be noted. 

2.2         That the breakdown of the forecast General Fund outturn by individual variance at Appendix 1 of the report and by service area at Appendix 2 of the report, be noted.

2.3         That the HRA forecast is a net break-even position (Section 5, Table 1 of the report) be noted.

2.4         That the latest capital position with forecast capital expenditure of £107.9m in 2018-19 (Section 6, Table 2, and Appendix 3 of the report) be noted.

Reason for decision – to allow members to monitor the budget.

Other options considered – none other than as specified in the report.

Conflicts of interest/dispensations granted – none