Issue - meetings
Financial Position at 30 November 2019
Meeting: 16/01/2020 - Executive (Item 676)
676 Financial Position at 30 November 2019 PDF 164 KB
Additional documents:
- Appendix 1_2019-20 GF Revenue Monitoring by Individual Variance_Month 8_Executive, item 676 PDF 225 KB
- Appendix 2_2019-20 Revenue by Service Area_Month 8_Executive, item 676 PDF 193 KB
- Appendix 3_Additional GF Budget Risks_Month 8_Executive, item 676 PDF 141 KB
- Appendix 4_Capital Programme_Month 8_Executive, item 676 PDF 174 KB
Decision:
AGREED RECOMMENDATIONS
Reason for decision – as specified in the report.
Other options considered - none.
Conflicts of interest/dispensations granted – none.
Minutes:
RESOLVED:
2.1 That the forecast revenue outturn for the General Fund of an overall underspend of (-£2.572m) compared to a forecast underspend of (-£0.634m) in the previous reported position be noted.
2.2 That management action is required over the course of the financial year to bring forecast overspends back to within agreed cash limited budgets where possible be noted.
2.3 That the breakdown of the forecast General Fund outturn by individual variance at Appendix 1 and by service area at Appendix 2 be noted.
2.4 That the schedule of additional budget risks that are not included in the current forecasts be noted.
2.5 That the latest position on the delivery of agreed 2019/20 savings and the earmarked corporate transformation reserve be noted, and that it be noted that a risk-based review of the savings programme is currently underway.
2.6 That it be noted that the HRA forecast is a net break-even position.
2.7
That the latest
capital position and key capital variances with forecast capital
expenditure of £142.591m in 2019/20 against the existing
2019/20 capital budget of £154.595m be noted.