33 MCa/19/14 GENERAL FUND FINANCIAL MONITORING 2019/20 - QUARTER 1 PDF 322 KB
Cabinet Member for Finance
Decision:
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the surplus funds of £180k, referred to in section 5.6 of the report, be noted;
1.2 That the revised 2019/20 Capital Programme referred to in Appendix E and section 5.16 of the report be noted.
Reason for Decision: To ensure that Members are kept informed of the current budgetary position for both General Fund Revenue and Capital.
Alternative Options Considered and Rejected: At this stage in the year the financial position is for noting only.
Any Declaration of Interest declared: None
Any Dispensation Granted: None
Minutes:
The Cabinet Member for Finance introduced report MCa/19/14 and advised Members that the format of the report had been revised. Councillor Whitehead highlighted the major variances in the report which included ICT costs, PV panels, planning income and professional costs, CIL administration charges, and business rates.
The recommendations in the report were moved by Councillor Whitehead and seconded by Councillor Gould.
Councillor Eburne raised questions regarding the forecasting of future planning income. Councillor Whitehead advised that the planning budget would be reviewed in the next few months.
Councillor Eburne then queried the capital sites for sale within the District with outline planning permission, and if these sites are reviewed with regard to purchasing. The Strategic Director confirmed that these sites are regularly reviewed and that there were several sites currently under consideration.
The Assistant Director for Customer Services responded to questions from Councillor Field regarding the ICT costs overspend and advised that the budget for these costs was being reviewed.
By a unanimous decision
It was RESOLVED:-
1.1 That, subject to any further budget variations that arise during the rest of the financial year, the surplus funds of £180k, referred to in section 5.6 of the report, be noted;
1.2 That the revised 2019/20 Capital Programme referred to in Appendix E and section 5.16 be noted.
Reason for Decision: To ensure Members are kept informed of the current budgetary position for both General Fund Revenue and Capital.