7 2018/2019 Budget Monitoring - Quarter 1 PDF 178 KB
The Leader’s Portfolio
To consider report FIN/449 of the Head of Corporate Finance, which was referred to the meeting of the Overview and Scrutiny Commission held on 3 September 2018.
Minutes:
The Leader presented report FIN/449 of the Head of Corporate Finance, to the Cabinet which provided a summary of the Council’s actual revenue and capital spending up to the first quarter ending June 2017. It identified the main variations from the approved spending levels and any potential impact on future budgets.
Councillor Cheshire presented the Overview and Scrutiny Commission’s comments on the report to the Cabinet following consideration of the matter at its meeting on 3 September 2018. The Cabinet noted the Commission’s comments.
RESOLVED
That the Cabinet
a) notes the projected outturn for the year 2018/2019 as summarised in report FIN/449
b) approves a supplementary capital budget of £347,000 for the nine Play refurbishment schemes as identified in Paragraph 9.1 in report FIN/449 to be funded from S106 contributions.
c) approves a supplementary capital budget of £60,514.86 which will be funded from S106 contributions for the improvement of playing fields around the Borough, as referred to in paragraph 9.2 in report FIN/449
d) approves a supplementary capital budget of £37,192.71 which will be funded from S106 contributions for the Three Bridges Station outlined in Paragraph 9.3 in report FIN/449
Reasons for the Recommendations
To report to Members on the projected outturn for the year compared to the approved budget.