Decision details

The Leader presented report FIN/427of the Head of Finance, Revenues and Benefits to the Cabinet which provided a summary of the Council’s actual revenue and capital spending up to the second quarter ending September 2017. It identified the main variations from the approved spending levels and any potential impact on future budgets.

The Leader commented he was pleased to be able to propose the one-off payment to all staff of £250.00 (pro-rata for part time staff) for all their hard work in this difficult time and also pleased that it would be in their December pay-packets in time for Christmas. The Cabinet echoed the Leaders comments, as did the Chief Executive, who thanked the Members on her staff’s behalf for this extra payment.

RESOLVED

That Cabinet

1)            notes the projected outturn for the year 2017/2018 as summarised in this report.

2)            requests that each member of Corporate Management Team in consultation with the Head of Finance, Revenues and Benefits, use their virement delegations to make a one off payment to staff of £250.00 (pro-rata for part time staff) as outlined in Section 8 of this report.

3)            Request that Full Council agree to allocate £8.0m of 1-4-1 receipts and approximately £7.5m of General Fund receipts for affordable housing on the Town Hall site development as outlined in paragraph 9.24 of this report.

Reasons for the Recommendations

To report to Members on the projected outturn for the year compared to the approved budget.