Agenda item

Pursuant to Cabinet Minute No.49, the Acting Chief Finance Officer 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 financial performance in the first half of the financial year and the new medium term financial forecast be noted.

2.   That the changes to the medium term financial forecast, as outlined in section 4 and section 6 of the officer’s report, be approved.

3.   That the proposed use of reserves and the new applications for funding, as set out in section 5 of the officer’s report, be approved.

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

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

6.   That the position of the Housing Revenue Accounts budgets, as detailed in section 8 of the officer’s report, be noted.

7.   That the budget preparation guidelines, as set out in paragraph 9.1 of the officer’s report, be approved.

8.   That the planned approach to budget consultation, as detailed in paragraph 9.3 of the officer’s report, be approved.