Agenda item

Pursuant to Cabinet Minute No.24 (2019/20) the Acting Chief Finance Officer submitted a report outlining the budget position at the end of the first quarter, covering the General Fund Revenue budget, the General Fund Capital Programme and the Housing Revenue account.

RESOLVED –

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

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

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

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

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

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

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

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