Agenda item

Pursuant to Cabinet Minute No.28 (2018/19) the Director of Finance and Resources submitted a report outlining the budget position at the end of the second month, covering the General Fund Revenue account, the General Fund Capital Programme and the Housing Revenue account.

RESOLVED –

1.   That 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.   That the new medium term forecast, as detailed in section 4 of the officer’s report, be noted.

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

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

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

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

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