Decision details

RESOLVED:

(1)       That the report entitled First Quarter Revenue Monitoring 2018/19 be noted;

(2)       That the changes to the 2018/19 General Fund budget, as identified in table 3 and paragraph 8.2, a £30k increase in net expenditure be approved;

(3)       That the changes to the 2019/20 General Fund budget, as identified in table 3 and paragraph 8.2, a £55k decrease in net expenditure and that these will be incorporated in the draft revenue budget for 2019/20 be noted;

(4)       That the proposal, as outlined in paragraph 8.3, to recruit two additional officers to embed the principles of commercialisation and develop commercial activity across the authority be noted and the required adjustments within the overall budgetary framework to the 2018/19 budget of £62,500 be approved.

REASON FOR DECISION: Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.