Decision Maker: Cabinet
Decision status: Information Only
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,
RESOLVED to: -
1. Note the forecast revenue year end position as at the end of November 2019 (Period 8) for the 2019/20 financial year as a balanced position;
2. Approve a transfer of £0.437 million from the Rates Retention Reserve as part of the on going review of Revenue Reserves;
3. Note the forecast capital year end position as at the end of November 2019 of £107.433 million against the revised budget of £109.837;
4. Approve the £0.470 million increase to the capital programme as outlined in Section C of the report.
Report author: Cllr Lynden Stowe
Publication date: 29/01/2020
Date of decision: 29/01/2020
Decided at meeting: 29/01/2020 - Cabinet
Effective from: 06/02/2020