Decision details

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.