Decision details
Financial Monitoring Report Quarter 3 2018/2019
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The Leader asked the Director of Finance, Governance and Assurance to present the Financial Monitoring Report for Quarter 3 2018/19.
Decision:
RESOLVED:
A. That it be noted that at the end of Quarter 3 (31st December 2018), the full year revenue forecast is a potential overspend of £0.072m;
B. To consider the impact of this on the Council’s General Fund balance.
C. To approve net budget variations of £6.866m to the 2018/19 capital programme, detailed in Appendix 3/Table 6, and the re-profiled 2018/19 capital budget of £65.856m.
D. To accept the capital expenditure to date of £28.961m, representing 44% of the revised capital budget for 2018/19, with 75% of the year having elapsed.
E. To approve that Shropshire Council act as accountable body on behalf of the Shropshire & Telford & Wrekin One Public Estate programme.
Publication date: 14/02/2019
Date of decision: 13/02/2019
Decided at meeting: 13/02/2019 - Cabinet
Effective from: 21/02/2019
Accompanying Documents: