Issue - meetings

Overview of Revenue Budget

 

 

Meeting: 10/12/2019 - Executive (Item 114)

114 Overview of the General Fund Revenue Budget 2019/20 - Quarter 2 pdf icon PDF 105 KB

To consider the report of the Chief Finance Officer.

 

Additional documents:

Decision:

Agreed

RECOMMENDED that Council approve:-

 

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

(2)     The supplementary budgets of £52,360 and budget transfers as detailed in paragraph 8.9 of the report presented to the meeting;

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

(4)  The creditors’ payments performance.

 

Reason for Decision:

As set out in the report.

 

 

 

 

Minutes:

The Executive Committee received the report of the Chief Finance Officer which advised Members of the overall projected financial position of the General Fund Revenue Budgets for the 2019/20 financial year after six months.

 

Particular reference was made to the supplementary budget of £52,360, which would be taken from the S106 funds and earmarked reserves. Members noted that there would be a projected reduction in the transfer from the working balance for the remainder of the financial year. The projected working balance would stand at £3.75 million, which was above minimum level of reserves.

 

RECOMMENDED that Council approve:-

 

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

(2)     The supplementary budgets of £52,360 and budget transfers as detailed in paragraph 8.9 of the report presented to the meeting;

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

(4)  The creditors’ payments performance.