Issue - meetings

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none.

Link to report

RESOLVED:

1.1.        That the forecast revenue outturn for the General Fund (Table 1 of the report) of a forecast overspend of £0.504m, without using the corporate contingency of £5.080m (Section 3 of the report) be noted.   

1.2.        That management action is being undertaken over the course of the financial year to bring the directorate-level overspend of £2.719m back to within agreed cash limited budgets where possible.  Also, a detailed business case is being developed to request an allocation from the corporate contingency budget that will be submitted in a future report (Paragraph 3.3 of the report) be noted.

1.3.        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.

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

1.5.        That the latest capital position and key capital variances with forecast capital expenditure of £119.206m in 2019/20 against the 2019/20 capital budget of £144.205m (Section 6, Table 2, and Appendix 3 of the report) be noted.

1.6.        That the capital programme is actively under review to establish whether project milestones and deliverables are reflected in the financial profiles of the existing 3 year programme (Paragraph 6.3 of the report) be noted.

1.7.        That the re-profiling of the leisure capital programme between financial years (Paragraph 6.5) of the report be noted.

1.8.        That the latest savings tracker of agreed savings 2019/20  (Appendix 4 and Table 3 of the report) and the ongoing budget impact of undeliverable savings (Table 4 of the report) be noted.

1.9.        That the allocations from the corporate transformation earmarked reserve (Table 5 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.