Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
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,
1. Note the forecast revenue year end position as at the end of September 2019 for the 2019/20 financial year of a net £5.141 million overspend against the revenue budget of £429.661 million.
2. Authorise the Cabinet Member for Finance and Change to work with the Director of Corporate Resources to identify options for meeting the overspend including reviewing revenue reserves and any in year efficiencies.
3. Note the forecast capital year end position as at the end of September 2019 of £108.655 million and agrees to re-profile the capital budget to match the forecast.
4. Approve the changes in the capital programme as outlined at paragraphs 59 to 62 of the report, which include £14.261 million on Highways, £0.028 million on Libraries, £0.151 million on Fire & Rescue, £0.270 million on AMPS.
Report author: Cllr Lynden Stowe
Publication date: 13/11/2019
Date of decision: 13/11/2019
Decided at meeting: 13/11/2019 - Cabinet
Effective from: 21/11/2019