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 October 2019 (Period 7) for the 2019/20 financial year is a balance budget. This has been achieved as a result of the review of revenue reserves and in-year efficiencies authorised by Cabinet on 13 November 2019.

2.    Approve the transfers from reserves as detailed in the report of £2.001 million

3.    Note the forecast capital year end position as at the end of October 2019 of £108.696 million against the revised budget of £108.584.

4.    Approve the £4.628 million increase to the capital programme as outlined in Section D of the report.