Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
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 £831k be noted.
a) The balance of the General Fund surplus of £258k referred to in section 11.8 of the report be transferred to the Transformation Fund;
b) Transfer of £102k, being the favourable variance for the Materials Recycling Facility (MRF) to a new earmarked Waste reserve, referred to in section 11.8 of the report;
c) Transfer of £89k, being the favourable variance for Homelessness to the earmarked grants reserve, referred to in section 11.8 of the report;
d) Transfer of £45k, being the favourable variance for Planning legal costs to the earmarked reserve, referred to in section 11.8 of the report;
e) Transfer of £337k, being the 2016/17 surplus on the Business Rates Collection Fund to the Business Rates Equalisation 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: 08/12/2017
Date of decision: 07/12/2017
Decided at meeting: 07/12/2017 - Babergh Cabinet
Effective from: 16/12/2017
Accompanying Documents: