Decision details

Month 4 (Q1+1) Revenue Budget Monitoring

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

DECISION

 

The Cabinet:

 

1. Approved the transfer of £0.175m of Corporate Contingency to allocate the grant funding for Brexit to a specific Brexit budget within Economy Community and Infrastructure (section 4.7).

2. Noted the forecast balanced budget position for the end of 2019/20

3. Noted that £6.033m of the corporate contingency remains unallocated if the above recommendation is approved and this is expected to increase as management actions on service variances are confirmed

4. Noted the delivery of £16.990m savings by Month 4 and the forecast delivery of £21.485m by the year end of the total target of £21.547m.

 

ALTERNATIVE OPTIONS CONSIDERED: As set out in the officer report

 

REASON FOR DECISION: As set out in the officer report

 

Publication date: 07/10/2019

Date of decision: 25/09/2019

Decided at meeting: 25/09/2019 - Cabinet

Accompanying Documents: