Issue - items at meetings - Revenue and Capital Budget Monitoring 2018/19 Report 3
Issue - meetings
Revenue and Capital Budget Monitoring 2018/19 Report 3
Meeting: 14/02/2019 - Executive Cabinet (Item 95)
95 Revenue & Capital Budget Monitoring 2018/19 Report 3 
PDF 196 KB
To consider and receive the report of the Chief Finance Officer.
Additional documents:
- Appendix 1 General Fund Summary 2018/19, item 95
PDF 80 KB
- Appendix 2 Investment Budgets, item 95
PDF 73 KB
- Appendix 3 Reserves and Provisions, item 95
PDF 117 KB
- Appendix 4 Capital Programme, item 95
PDF 110 KB
Decision:
1. Note the full year forecast position for the 2018/19 revenue budget and capital investment programme.
2. Note the forecast position on the Council's reserves.
3. Request Council approval for the contribution of £100,000 from in-year revenue underspends to finance the next phase of CCTV infrastructure in the capital programme.
4. Request Council approval for the contribution of £60,000 from in-year revenue underspends to the Income Generation Reserve.
5. Request Council approval for the contribution of £210,000 from in-year revenue underspends to create a Council Tax Costs Bad Debt Provision.
6. Request Executive Cabinet approval for the contribution of £40,000 from in-year revenue underspends to the Market Walk income equalisation reserve.
7. Request Council note the capital programme to be delivered in 2018/19 to 2020/21.
8. Request Council approve the budget changes to the capital programme outlined in paragraph 50.
Minutes:
Councillor Peter Wilson, Executive Member (Resources), presented the report of the Chief Finance Officer which sets out the provisional revenue and capital outturn figures for the Council as compared against the budgets and efficiency savings targets set for the financial year 2018/19.
Decision:
1. Note the full year forecast position for the 2018/19 revenue budget and capital investment programme.
2. Note the forecast position on the Council's reserves.
3. Request Council approval for the contribution of £100,000 from in-year revenue underspends to finance the next phase of CCTV infrastructure in the capital programme.
4. Request Council approval for the contribution of £60,000 from in-year revenue underspends to the Income Generation Reserve.
5. Request Council approval for the contribution of £210,000 from in-year revenue underspends to create a Council Tax Costs Bad Debt Provision.
6. Request Executive Cabinet approval for the contribution of £40,000 from in-year revenue underspends to the Market Walk income equalisation reserve.
7. Request Council note the capital programme to be delivered in 2018/19 to 2020/21.
8. Request Council approve the budget changes to the capital programme outlined in paragraph 50.
Reasons for Recommendation(s):
To ensure the Council’s budgetary targets are achieved.
Alternative options considered and rejected:
None.
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