Issue - meetings

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none.

Link to the report.

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.