Decision details

Budget Monitoring Outturn report P9

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide update to Cabinet for period 10.

Decision:

Cabinet approved:

1.      A net reallocation of £1.178m reserves as reflected in 2020 Budget report and set out in detail Appendix A;

Cabinet noted:

2.      A risk of overspend on General fund services of £6.1m for 19/20 representing 1.6% of the approved budget (Appendix A), supplementary estimates requests will be expected to balance the 2019/20 in-year position;

3.      A forecast £2.6m underspend position with regard to the Housing Revenue Account and any underspend at year-end will be carried forward and built into the future programme;

4.      A forecast £0.8m overspend for the Dedicated Schools Grant against approved budget;

5.      Risks of £0.1m overspend to be covered by ring-fenced reserves on Public health, which is being monitored;

6.      The Sundry Debt position of £20.8m over 90 days as at Period 9, slightly increased from £20.5m since P8. Individual directorate detail included under Appendix A1-6.

 

Report author: Denise Murray

Publication date: 04/02/2020

Date of decision: 04/02/2020

Decided at meeting: 04/02/2020 - Cabinet

Effective from: 13/02/2020

Accompanying Documents: