Issue - meetings

Budget Monitoring Report

Meeting: 08/10/2019 - Executive (Item 96)

96 Overview of the General Fund Revenue Budget PDF 101 KB

To consider the report of the Chief Finance Officer.

Corporate Services Scrutiny Committee considered the report at its meeting on 26 September 2019 and its comments will be reported. (The appendices were previously circulated to the Scrutiny Committee on the above date and can be accessed by clicking the above link).

Decision:

Agreed

RECOMMENDED that Council approve:-

(1) The General Fund forecast financial position for the 2019/20 financial year;

(2) The supplementary budgets of £493,930 and budget virements as detailed in paragraph 9.10 of the report presented to the meeting;

(3) The outstanding Sundry Debt position as at June 2019;

(4) The creditors’ payments performance;

(5) Consideration to be made in relation to paragraph 9.7 of the report, subject to consultation with Human Resources and the Trade Union; and

(6) To remove the shop attached to the Guildhall in relation to paragraph 9.5 of the report.

Reason for Decision:

As set out in the report.

Minutes:

The Executive considered a report, which had already been presented to Corporate Services Scrutiny Committee on 26 September 2019 (Min. No. 32 refers) which advised Members of the overall projected financial position of the General Fund Revenue Budgets for the 2019/20 financial year after three months.

Particular reference was made on the budget being on target, with no significant issues to report during the first quarter. Reference was made to the request for the supplementary budget of £493,930, which £78,500 would be financed General Fund working balance and the remainder financed from the Neighbourhood CIL and earmarked reserves.