Decision details

Corporate Financial Monitoring Report Quarter 2 for 2018/19

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To consider the second quarter Revenue & Capital Monitoring forecast and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by financial procedure rules

Decision:

(1) That the Quarter 2 forecast £4.8m revenue monitoring overspend.

 

(2) That the expectation that Strategic Directors will identify opportunities for spending plans to be collectively brought back in line within the Council’s overall budget by the end of the year, be noted.

 

(3) That approval be given to the planned use of the £1.86m winter pressures monies as detailed in paragraphs 1.15 to 1.17 of the considered report.

 

(4) That the forecast planned use general fund earmarked reserves in-year and the forecast year end position of £87.2m be noted.

 

(5) That the anticipated overall forecast year end surplus of £0.8m on the Collection Fund be noted.

 

(6) That the Quarter 2 forecast HRA surplus at £894k and forecast reserves position at year end of £53.7m be noted.

Report author: Sarah Hill

Publication date: 15/11/2018

Date of decision: 13/11/2018

Decided at meeting: 13/11/2018 - Cabinet

Accompanying Documents: