Decision details

2019/20 Revenue Budget Monitoring - Quarter 1 (Month 3) Report

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No




The Cabinet:

  1. Noted the forecast balanced budget position for the end of 2019/20
  2. Noted that £6.061m of the corporate contingency remains unallocated and this is expected to increase as management actions on service variances are confirmed
  3. Noted the delivery of £16.694m savings by Quarter 1 and the forecast delivery of £21.485m by the year end.
  4. Noted the improving financial resilience of the Council, with the level of reserves now being projected as £53.810m by the year end (comprising £35.443m of Earmarked Reserves and £18.367m of General Fund).


ALTERNATIVE OPTIONS CONSIDERED: As set out in the officer report


REASON FOR DECISION: As set out in the officer report


Publication date: 15/08/2019

Date of decision: 14/08/2019

Decided at meeting: 14/08/2019 - Cabinet

Accompanying Documents: