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On 29 October 2019, Cabinet:-
(i) Noted the City Council’s 2019/20 forecast revenue budget position and the pressures and savings identified as at 30th September 2019 resulting in a forecast underspend of £3.501m;
(ii) Noted the latest monitoring position in respect of the City Council’s savings programme and the present risks identified in its delivery;
(iii) Approved the resource allocation within Specific Policy Contingency as set out in paragraph 3.4 of the report;
(iv) Approved the acceptance of £0.633m grant funding as set out in paragraph 3.5 of the report;
(vi) Approved the proposed changes in uses of and contributions to Reserves as proposed in paragraph 3.6 of the report;
(vi) Noted to transfer of Reserves to the Education PFI Reserve as described in paragraph 3.7 of the report;
(vii) Approved the proposed reallocations of Reserves as proposed in paragraphs 3.8 and 3.9 of the report;
(viii) Approved the writing off of debts over £0.025m as described in paragraph 3.10 of the report;
(ix) Approved the revised 10 year+ capital programme of £3,547.419m;
(x) Approved the use of Corporate Capital Contingency as set out in paragraph 3.13 of the report;
(xi) Noted the forecast capital expenditure in 2019/20 of £593.089m;
(xii) Noted the Treasury Management and Investment Property Portfolio reports.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 4 NOVEMBER 2019.
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