RESOLVED:

1.    That the financial reporting data for month 9, December 2019, relating to revenue budgetary control, showing a forecast net favourable variance at year-end of £1,710k, -0.3% of gross budget be noted.

2.    That the contents of Section 4 and the amendments to the Capital Programme contained in Appendix 5b of the Cabinet report be noted.

The Deputy Leader and Cabinet Member for Finance presented the report which set out the Council’s financial position at December 2019.  He thanked the officers involved in monitoring and upholding rigorous processes.  A variance of 0.3% had been forecast, which was very close to the budget position.  The progress made in respect of the savings was appreciated; and a few amendments to the capital programme were recommended.

The Director of Corporate Services advised that the report would also be reported to the Financial Monitoring Task Group for consideration.

RESOLVED:

1.    That the financial reporting data for month 9, December 2019, relating to revenue budgetary control, showing a forecast net favourable variance at year-end of £1,710k, -0.3% of gross budget be noted.

2.    That the contents of Section 4 and the amendments to the Capital Programme contained in Appendix 5b of the Cabinet report be noted.