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Decision details
Quarter 1 Financial report 2016/17
PDF 173 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To provide a progress report on the
Council’s overall financial performance against revenue and
capital budgets for the 2016/17 financial year that were approved
by Council on the 16th February 2016
Decision:
1. Noted the contents of the Report and in particular the seriousness of the General Fund financial position of £29.1m forecast outturn deficit;
2. Agreed that Cabinet where appropriate, work with Officers in undertaking mitigating actions to bring the General Fund position closer to balance, in particular endorsing the actions to be led by the Interim Chief Executive, Interim Service Director: Finance and Strategic Leadership Team set out at paragraph 11;
3. Approved the changes to the current advertised opening hours of Museums, as
outlined in page 8 of the report, under Economy;
4. Noted that capital slippage from 2015/16 of £46.8m has been combined
with the 2016/17 Capital Programme, as detailed at paragraph 32 and Table 5.
Report author: Annabel Scholes
Publication date: 06/09/2016
Date of decision: 06/09/2016
Decided at meeting: 06/09/2016 - Cabinet
Effective from: 14/09/2016
Accompanying Documents: