Decision details

Financial Monitoring Report 2019/20

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Cllr Lynden Stowe, Cabinet Member for Finance and Change, gave an update on the council’s year end forecast for the 2019/20 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 December 2019 (Period 9) for the 2019/20 financial year as a balanced position.

 

2.    Note the forecast capital year end position as at the end of December 2019 (Period 9) of £106.373 million against the revised budget of £110.36 million.

 

3.    Approve the £0.387 million increase to the capital programme as outlined in Section D of the report.

Report author: Cllr Lynden Stowe

Publication date: 11/03/2020

Date of decision: 11/03/2020

Decided at meeting: 11/03/2020 - Cabinet

Effective from: 19/03/2020

Accompanying Documents: