Decision details

RESOLVED –

That Cabinet recommend to Full Council that:

1.   The financial performance in the first quarter of the financial year 2019/20, as set out in section 4 of the officer’s report, be noted.

2.   The new medium term forecast, as detailed in section 6 of the officer’s report, be noted.

3.   The proposed changes to the medium term forecast, as outlined in section 6 of the officer’s report, be approved.

4.   The growth request, as outlined in paragraph 4.3 of the officer’s report, be approved.

5.   The reserves position, as outlined in section 5 of the officer’s report, be noted.

6.   The updated capital programme, as outlined in section 7 of the officer’s report, be noted.

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

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

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

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.