Decision details
Financial Monitoring report Quarter 3 2016/17
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a consolidated report by the Head of Finance, Governance and Assurance (Section 151 Officer) on Revenue and Capital monitoring.
Decision:
RESOLVED:
i) That it be noted that at the end of Quarter 3 (31 December 2016), the full year revenue forecast is a potential underspend of £0.244m;
ii) That the impact of this on the Council’s General Fund Balance be considered.
iii) That net budget variations be approved of £6.215m to the 2016/17 capital programme, detailed in Appendix 3/Table 6 and the re-profiled 2016/17 capital budget of £53.951m.
iv) That re-profiled capital budgets be approved of £66.058m for 2017/18 and £25.800m for 2018/19 and £2.320m for 2019/20 as detailed in Appendix 1/Table 9.
v) That the capital expenditure to date of £26.972m be accepted, representing 50% of the revised capital budget for 2016/17, with 75% of the year having elapsed.
Publication date: 09/02/2017
Date of decision: 08/02/2017
Decided at meeting: 08/02/2017 - Cabinet
Effective from: 17/02/2017
Accompanying Documents: