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Decision details
Period 9 (end of Dec 2016) Finance Report
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The period 8 finance report may bring forward recommendations to implement remedial action to address the in-year forecast financial deficit and make proposals to change the council's financial strategy and treasury management framework. If any recommendations are key decisions, these will be set out in the clearly within the report
Decision:
1. Noted the contents of the Report and in particular the continuing seriousness of the General Fund financial position of £11.0m forecast outturn deficit, as at the end of December 2016. This represents a net decrease to the deficit of £6.6m, being increases of £0.8m less decreases of £7.4m, from Period 7 forecast and is mainly the result of reductions in forecast expenditure within service areas, which are outlined in the remainder of the report;
2. Agreed that Cabinet where appropriate, continue to 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, Service Director: Finance and Strategic Leadership Team set out at paragraph 11 of Appendix A of the report;
3. Noted the total net movement in the Capital Programme from £222.8m to £224.3m, as outlined in paragraph 27 of Appendix A.
Report author: Denise Murray
Publication date: 07/03/2017
Date of decision: 07/03/2017
Decided at meeting: 07/03/2017 - Cabinet
Effective from: 15/03/2017
Accompanying Documents:
- 19a Cabinet Report Proforma Period 9 v2 240217 PDF 58 KB
- 19b Appendix A - Further Detail PDF 202 KB
- 19c Appendix A Annex 1A - Summary PDF 179 KB
- 19d Appendix A Annex 1B - People PDF 405 KB
- 19e Appendix A Annex 1C - Place PDF 381 KB
- 19f Appendix A Annex 1D - Neighbourhoods PDF 412 KB
- 19g Appendix A Annex 1E - Resources PDF 355 KB
- 19h Appendix A Annex 1F - City Director PDF 317 KB
- 19i Appendix A Annex 1G - Other Budgets PDF 295 KB
- 19j Appendix A ANNEX 2_ Capital v2 PDF 52 KB
- 19k Appendix A Annex 3 - Aged Analysis for Report P9 PDF 185 KB
- 19l Period 9 Finance Report Appendix B - Consultation PDF 32 KB
- 19m Period 9 Finance Report Appendix D - Risk Assessment PDF 68 KB