Issue - meetings

REPORT OF: SERVICE DIRECTOR – RESOURCES

To inform Cabinet of the summary position on revenue income and expenditure forecasts for financial year 2018/19, as at the end of the second quarter.

RESOLVED:

      i.        That the report be noted.

     ii.        That the changes to the 2018/19 General Fund budget, as identified in table 3 and paragraph 8.2, a £17k decrease in net expenditure be approved.

    iii.        That the changes to the 2019/20 General Fund budget, as identified in table 3 and paragraph 8.2, a £213k decrease in net expenditure be noted and incorporated in the draft revenue budget for 2019/20.

REASONS 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.

Audio Recording – Start of Item – Session 2 - 0 minute 10 seconds

The Deputy Leader presented the report to inform Cabinet of the summary position on revenue income and expenditure forecasts for the financial year 2018/19 as at the end of the second quarter.

RESOLVED:

(1)     That Cabinet notes the report.

(2)      That Cabinet approves the changes to the 2018/19 General Fund budget, as identified in table 3 and paragraph 8.2, a £17k decrease in net expenditure.

(3)      That Cabinet notes the changes to the 2019/20 General Fund budget, as identified in table 3 and paragraph 8.2, a £213k decrease in net expenditure and incorporated in the draft revenue budget for 2019/20.

REASONS 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.