Issue - meetings

To consider and receive the report of the Chief Finance Officer.

1.    Note the full year forecast position for the 2019/20 revenue budget and capital investment programme.

2.    Approval for the contribution of £77,600 from in year revenue underspends to finance the migration of property data into digital formats.

3.    Approval for the contribution of £98,500 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies.

4.    Note the forecast position on the Council's reserves.

5.    Request Council note the capital programme to be delivered in 2019/20 to 2022/23 and to approve the adjustments outlined at paragraph 50 of the report.

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 2019/20.

Decision

1.    To note the full year forecast position for the 2019/20 revenue budget and capital investment programme.

2.    To approve for the contribution of £77,600 from in year revenue underspends to finance the migration of property data into digital formats.

3.    To approve for the contribution of £98,500 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies.

4.    To note the forecast position on the Council's reserves.

5.    Request that Council note the capital programme to be delivered in 2019/20 to 2022/23 and to approve the adjustments outlined at paragraph 50 of the report.

Reasons for Recommendation(s):

To ensure the Council’s budgetary targets are achieved.

Alternative Options Considered and Rejected:

None.