Decision Maker: Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To provide Council with an update on the
budget position at the end of the second quarter, covering:
• General Fund Revenue Account
• General Fund Capital Programme
• Housing Revenue Account
*RESOLVED –
That it be recommended to full Council:
1. That the financial performance of the General Fund Revenue Account for the first half of the financial year and the updated medium-term financial forecast, as set out in sections 5 and 7 of the officer’s report, be noted.
2. That the General Fund reserves position, as set out in section 6 of the officer’s report, be noted.
3. That the updated General Fund capital programme, as outlined in section 8 of the officer’s report, be noted.
4. That the additions to the General Fund capital programme, as set out in paragraph 8.3 of the officer’s report, be approved.
5. That the financial performance of the Housing Revenue Account for the first half of the financial year, as outlined in section 9 of the officer’s report, be noted.
6. That the proposed compensation mechanism and cost recovery model to address the income shortfall to the Operational Services Division (OSD) trading account, as set out in sections 5.3 and 9.1 of the officer’s report, be approved.
7. That the budget preparation guidelines, as set out in paragraph 10.1 of the officer’s report, be approved.
REASON FOR DECISIONS
To actively manage the Council’s finances in the current financial year and forecast forward the emerging budget position to future financial years.
Reason Key: Decision to spend £100,000 or more from an approved budget;
Wards Affected: (All Wards);
Contact: Richard Staniforth Email: richard.staniforth@chesterfield.gov.uk Tel: 01246 345456.
Report author: Richard Staniforth
Publication date: 10/11/2020
Date of decision: 10/11/2020
Decided at meeting: 10/11/2020 - Cabinet
Accompanying Documents: