Decision details

Cllr Lynden Stowe, Cabinet Member for Finance and Change, 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 August 2019 for the 2019/20 financial year of a net £4.490 million overspend against the revenue budget of £429.661 million.

2.    Note the forecast capital year end position as at the end of August 2019 of £112.620 million against the budget of £126.048 million.

3.    Approve the addition of £0.043 million to the Highways capital budget funded from a variety of sources as outlined in the body of the report.

4.    Approve the allocation of £3.887 million from the approved carriageway resurfacing budget to schemes as outlined in the body of the report.

5.    Approve the reduction of £0.191million to the Flood Alleviation capital budget as outlined in the body of the report.