Decision details

Leader of the Council, Cllr Mark Hawthorne, gave an update on the year-end forecast for the 2019/20 County Council’s Revenue and Capital Budgets

Having considered all of the information, including known proposals, alternative options and reasons for recommendations, Cabinet noted the report and,

RESOLVED to:

1.    Note the forecast revenue year end position as at the end of May 2019 for the 2019/20 financial year as showing a net £2.956 million overspend against the revenue budget of £429.661 million.

2.    Note the one off transfer of £0.028 million to GFRS from the Transformation Reserve to subsidise travel on a targeted basis for key stage 2 and 3 children across Gloucestershire.

3.    Note the forecast capital year end position as at the end of May 2019 of £1.147million overspend against the current budget of £121.537 million

4.    Approve the addition of £1.147 million to the Highways capital budget funded from a variety of sources as outlined in the body of the report.

5.    Note the allocation of £1.209 million from the approved carriageway resurfacing budget to specific schemes as outlined in the body of the report.