Decision details

RESOLVED –

That Cabinet recommend to full Council that:

1.   The Council’s financial performance in the first two months of the financial year 2018/19, as set out in section 4 of the officer’s report, be noted.

2.   The new medium term forecast, as detailed in section 8 of the officer’s report, be noted.

3.   The proposed changes to the medium term forecast, as outlined in section 4 of the officer’s report, be approved.

4.   The proposed use of reserves and the new applications for funding, as set out in section 5 and paragraph 5.2 of the officer’s report respectively, be approved.

5.   The updated capital programme, as set out in section 7 of the officer’s report, be noted.

6.   The additions to the capital programme detailed in paragraph 7.2 of the officer’s report, be approved.

7.   The proposed financing arrangements for the capital programme, as outlined in paragraph 7.3 of the officer’s report, be approved.

8.   The position on Housing Revenue Account budgets, included in section 8 of the officer’s report, be noted.

REASON FOR RECOMMENDATIONS

To actively manage the Council’s finances in the current financial year 2018/19, and forecast forward the emerging budget position to future financial years.