Issue - meetings

REPORT OF THE OF THE 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 third quarter.

RESOLVED:

(1)       That the substantive and addendum reports entitled Third 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 of the substantive report, a £211k decrease in net expenditure be approved;

(3)       That the changes to the 2019/20 General Fund budget, as identified in table 3 of the substantive report and paragraph 8.3 of the addendum report, a £25k increase in net expenditure be approved.

REASON FOR DECISIONS: 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 – 1 hour 19 minutes 31 seconds

The Executive Member for Finance and IT advised that this was his last Cabinet meeting and stated that it had been a pleasure to work with everyone. North Hertfordshire was very well served by its Officers, who regularly go above and beyond. He wished to place on record his thanks to all of the Officers, particularly those he had worked closely with.

The Executive Member for Finance and IT presented the report entitled Third Quarter Revenue Monitoring 2018/19 together with the following addendum:

·                 Addendum Revenue Monitoring Report at Q3 2018-19.

Cabinet considered the referral from the Finance, Audit and Risk Committee meeting held on 26 March 2019 which:

RECOMMENDED TO CABINET:

(1)        That Cabinet note the substantive and addendum reports;

(2)        That Cabinet approves the changes to the 2018/19 General Fund budget, as identified in table 3 and paragraph 8.2, a £211k decrease in net expenditure;

(3)        That Cabinet approves the changes to the 2019/20 General Fund budget, as identified in table 3 of the substantive report and paragraph 8.3 of the addendum report, a £25k increase in net expenditure.

The following Members took part in the debate and asked questions:

·                 Councillor Michael Weeks.

RESOLVED:

(1)       That the substantive and addendum reports entitled Third 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 of the substantive report, a £211k decrease in net expenditure be approved;

(3)       That the changes to the 2019/20 General Fund budget, as identified in table 3 of the substantive report and paragraph 8.3 of the addendum report, a £25k increase in net expenditure be approved.

REASON FOR DECISIONS: 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.