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 (Table 1) of an overall underspend of (-£1.973m) compared to a forecast underspend of (-£2.572m) in the previous reported position (Section 3 of the report) 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 (Paragraph 3.2 of the report) be noted.

2.3      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.

2.4      That the schedule of additional budget risks that are not included in the current forecasts (Paragraph 3.3 and Appendix 3 of the report) be noted.

2.5      That the latest position on the delivery of agreed 2019/20 savings (including the significant risks around the ongoing delivery of Red/Amber rated savings in future financial years) and the earmarked corporate transformation reserve (Paragraphs 5.2-5.3 and Table 2 of the report) be noted.

2.6      That the HRA forecast is a net break-even position (Table 1 and Appendix 2 of the report) be noted.

2.7      That the latest capital position and key capital variances with forecast capital expenditure of £131.873m in 2019/20 against the existing 2019/20 capital budget of £155.107m (Section 7, Table 3, and Appendix 4 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.