Decision Details

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Details

Status:
Implemented
Title:
Financial Monitoring Report Quarter 3 2019/20
Include item on Forward Plan/ Key Decision
No
Reference:
007463/2020
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of the Interim Chief Finance Officer
Implementation Date (not before meeting on)
Tue 11 Feb 2020
Purpose

Update on the Revenue, Capital & Treasury Management financial position.

 

N.B. - Originally registered on the Forward Plan as 006759/2020

Key Portfolio
Leader
Decision Maker
Chief Officer Decision Maker
Reason For Key Decision

Revenue in excess of £500k

Capital in excess of £1m

Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet
Directorate
Other Information
Originally registered on the Forward Plan as 006759/2020
Private Reason
Decision Outcome

On 11 February 2020, Cabinet:-

 

  1. Noted the City Council’s 2019/20 forecast revenue budget position and the pressures and savings identified as at 31st December 2019 resulting in a forecast underspend of £1.5m;

  2. Noted the latest monitoring position in respect of the City Council’s savings programme and the present risks identified in its delivery;

  3. Approved the resource allocation within General Policy Contingency as set out in paragraph 3.4 to the report;

  4. Approved the proposed allocation of grant as set out in paragraph 3.5 to the report;

  5. Approved the transfer to Reserves from Specific Policy Contingency as set out in paragraph 3.6 to the report;

  6. Approved the proposed changes in uses of and contributions to Reserves as set out in paragraph 3.7 to the report;

  7. Approved the writing off of debts over £0.025m as described in paragraph 3.8 to the report;

  8. Approved the purchase of shares as described in paragraph 3.9 to the report;

  9. Approved the revised 10 year+ capital programme of £3,376.9m;

  10. Noted the forecast capital expenditure in 2019/20 of £502.5m;

  11. Noted the Treasury Management and Investment Property Portfolio reports.

     

THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 17 FEBRUARY 2020.
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

This Decision does not contain any Ward records.

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

This Decision does not contain any Overview and Scrutiny records.

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
1
 Page 1 of 1, items 1 to 10 of 10.
03/02/2020 11:06:07David SmithBusiness Item Created 
03/02/2020 11:06:07David SmithCommittee AddedCabinet
03/02/2020 11:08:02David SmithMeeting Added11/02/2020 10:00AM
03/02/2020 11:17:03David SmithConsultation/Comments Edited 
03/02/2020 11:17:57David SmithContacts Edited 
03/02/2020 11:18:49David SmithStatus ChangedDecision Proposed [2]
03/02/2020 11:28:10David SmithReport AddedDocument ID 168739: Cabinet Report - Financial Monitoring Quarter 3-Month 09
03/02/2020 19:24:25Emma Williamson Report AddedDocument ID 168820: Cabinet Report - Financial Monitoring Quarter 3-Month 09
12/02/2020 12:05:41Cathy Fox General Details Edited 
17/02/2020 16:22:29David SmithStatus ChangedImplemented [7]

Approval/Comments

No history found.