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Decision details

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

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report presents the financial monitoring information for the Authority as a whole for the financial year 2019/20 to the end of December 2019.

Decision:

RESOLVED (unanimously) that the Cabinet agreed:

 

2.1  To note the 2019/20 on budget position (as at the end of December 2019).

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

2.3  To note the capital year-end forecast detailed in paragraph 3.14 of this report;

2.4  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)

2.5  To remove from the Provisional Capital Programme schemes of £6.663m, detailed in Appendix 4(iii), to align to current delivery expectation.

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:

None.

Report author: Andy Rothery

Publication date: 13/02/2020

Date of decision: 13/02/2020

Decided at meeting: 13/02/2020 - Cabinet

Effective from: 21/02/2020

Accompanying Documents: