112 MCa/19/52 GENERAL FUND FINANCIAL MONITORING 2019/20 - QUARTER 3 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 £879k, referred to in section 5.8 of the report, be noted;
1.2 That, subject to any further variations that arise in business rates funding during the rest of the financial year, the shortfall in funds of £332k, referred to in section 5.9 of the report, be noted;
1.3 That, the forecast position for the 2019/20 Capital Programme, referred to in Appendix E and section 5.19 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 Declarations of Interests Declared: None
Any Dispensation Granted: None
Minutes:
Councillor Fleming raised a question regarding the collection rate in respect of Council Tax. Councillor Whitehead commented that the current figures were in line with those for the previous year.
In response to a query from Councillor Fleming regarding the Disabled Facilities Grant changes, the Assistant Director for Housing confirmed that the scheme had been fully adopted and that all Suffolk Authorities were reviewing how the Disabled Facilities Grants were administered. A report would be presented to Cabinet in July for approval.
Following a query from Councillor Eburne regarding the income from car parking, Councillor Morley advised that this had been discussed as part of the Car Park Enforcement Policy and welcomed Councillor Eburne to provide any feedback to officers.
Councillor Welham enquired whether the budget figures relating to Appendix C of the report were joint figures with Babergh District Council. Councillor Whitehead advised that those projects with an accumulative spend were joint projects, and therefore funding was split between the two Councils for those projects.
With regard to the underspend on grants for shop fronts the Cabinet Member for Assets and Investments confirmed that the scheme was being reviewed.
Councillor Field raised a question regarding the Collection Fund Deficit referred to in paragraph 5.9 of the report. In response the Corporate Manager, Finance and Commissioning and Procurement, explained the timescales for submitting the figures to the Government and the impact this had on setting the budget.
By a unanimous vote
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 £879k, referred to in section 5.8 of the report, be noted;
1.2 That, subject to any further variations that arise in business rates funding during the rest of the financial year, the shortfall in funds of £332k, referred to in section 5.9 of the report, be noted;
1.3 That, the forecast position for the 2019/20 Capital Programme, referred to in Appendix E and section 5.19 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.