Agenda item

Pursuant to Cabinet Minute No.49 the Director of Finance and Resources submitted a report outlining the budget position at the end of the second quarter, 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 half of the financial year and the new medium term forecast as set out in sections 4 and 6 of the officer’s report be noted.

2.        That the changes to the medium term forecast outlined in section 4 of the officer’s report be approved.

3.        That the supplementary estimate for registration of electors detailed at paragraph 4.2.7 of the officer’s report be approved.

4.        That the proposed use of reserves as set out in section 5 of the officer’s report be agreed and the new application of funding in paragraphs 5.2, 5.3 and 5.6 be approved.

5.        That the updated capital programme outlined 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 position on HRA budgets set out in section 8 of the officer’s report be noted.

8.        That the indexation of the housing repairs contract from 2017/18 onwards as set out in paragraph 8.1 of the officer’s report be approved.

9.        That the application for 75% Business Rates Pilot status for 2019/20 as set out in section 9 of the officer’s report be noted.

10.    That the budget preparation guidelines detailed in paragraph 10.1 of the officer’s report be approved.

11.    That the approach to budget consultation outlined in paragraph 10.3 of the officer’s report be considered.