Babergh and Mid Suffolk District Councils
Democratic Services

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Decision details

Decision Maker: Mid Suffolk Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

It was RESOLVED: -

1.1           The potential or likely variations in relation to the General Fund, Housing Revenue Account and Capital Programme compared to the Budget be noted.

1.2           That, subject to any further budget variations that arise during the rest of the financial year, the following net transfers of £1,112k be noted.

a)    The balance of the General Fund surplus of £932k referred to in section 11.8 of the report be transferred to the Transformation Fund;

b)    Transfer of £45k, being the favourable variance for Planning legal costs to the earmarked reserve, referred to in section 11.8 of the report;

c)     Transfer of £135k, being the favourable variance for Homelessness to the earmarked grants reserve, referred to in section 11.8 of the report.

Reason for Decisions:  To ensure that Members were kept informed of the current budgetary position for both the General Fund and HRA.

Alternative Options Considered and Rejected:  That the current budgetary position for the General Fund and the HRA was not reported.

Any Declarations of Interest declared: None

Any Dispensation Granted: None

 

Publication date: 04/12/2017

Date of decision: 04/12/2017

Decided at meeting: 04/12/2017 - Mid Suffolk Cabinet

Effective from: 13/12/2017

Accompanying Documents: