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 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.