RESOLVED:

1.            That Cabinet note the financial reporting data relating to revenue budgetary control, showing a forecast net underspend at year-end of £250k, -0.05% of gross budget.

2.            That Cabinet note the contents of Section 4 and the amendments to the Capital Programme contained in Appendix 5b and approve the amendments in the Table below:

The Deputy Leader and Cabinet Member for Finance presented the report which set out the financial monitoring information for August 2019; and thanked all those involved for their work.  There had been a modest change in the projections to the end of the year and the Council was anticipating a very small underspend, which represented -0.05% of the overall budget.

The Director of Corporate Services drew the Cabinet’s attention to progress against savings identified; and the increase in the Dedicated Schools Grant deficit with work continuing to address this with the Director of Children, Schools and Families and colleagues.  Officers were in the process of reviewing the boilers in the Civic Centre in light of the climate change declaration and therefore a re-profiling of the budget was proposed.

The Chair thanked all for their contributions and it was

RESOLVED:

1.            That Cabinet note the financial reporting data relating to revenue budgetary control, showing a forecast net underspend at year-end of £250k, -0.05% of gross budget.

2.            That Cabinet note the contents of Section 4 and the amendments to the Capital Programme contained in Appendix 5b and approve the amendments in the Table below: