Decision details

Financial Monitoring Report 2019/20

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

Accompanying Documents: