164 BCa/19/8 GENERAL FUND FINANCIAL MONITORING 2019/20 - QUARTER 1 PDF 319 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 £170k, 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 5.18 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 Interests Declared: None
Any Dispensation Granted: None
Minutes:
The Cabinet Member for Finance introduced report BCa/19/8 and advised Members that the format of the report had been revised. Councillor Ward highlighted the major variances in the report which included ICT costs, PV panels, planning income and business rates.
Councillor Holt commented on the adverse variances regarding the PV Panels project. The Assistant Director for Housing provided information with regard to the challenges with management of the programme.
Councillor Davis commented on the benefits of the Disabled Facilities Grants.
In response to a question from Councillor Holt, the Assistant Director for Housing confirmed that the possibility of installing PV panels on new council builds was currently being assessed.
Councillor Malvisi suggested the creation of an event in the lead up to Christmas to encourage shoppers into towns such as Long Melford and Sudbury. Councillor Busby will discuss this with the Assistant Director for Assets and Investments.
Councillor Busby requested that the previous years figures are included within the appendices for future reports.
The recommendations in the report were moved by Councillor Ward and seconded by Councillor Osborne.
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 £170k, 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 5.18 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.