Decision details

Revenue and Capital Budget Monitoring, Cash Limits and Virements - April 2019 to July 2019

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: Yes


This report will present the financial monitoring information for the Authority as a whole for the financial year 2019/20 to the end of July 2019.


RESOLVED (unanimously) that the Cabinet agreed to:


2.1  To note the 2019/20 forecast over budget of £1.68m (as at the end of July 2019) and the recovery plan actions outlined in Appendix 1;


2.2  To note the mitigations that will be required shown in paragraph 3.6, if the over budget position cannot be reduced by the end of the financial year;


2.3  To approve the revenue virements listed for approval in Appendix 3(i) and to note those virements listed for information only;


2.4  To note the capital year-end forecast detailed in paragraph 3.15 of this report;


2.5  To note the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 4(i)

Reasons for the decision:

The annual medium term financial planning process allocates resources across services with alignment of these resources towards the Council’s corporate priorities. This report monitors how the Council is performing against the financial targets set in February 2019 through the Budget setting process.

Alternative options considered:


Report author: Andy Rothery

Publication date: 12/09/2019

Date of decision: 12/09/2019

Decided at meeting: 12/09/2019 - Cabinet

Effective from: 20/09/2019

Accompanying Documents: