Decision details

RESOLVED:-

(i)        that the financial performance of the Authority during the quarter ending 30th September, 2016, as detailed in the report now submitted, be noted;

(ii)       that the Executive Directors/Directors (where appropriate) provide detailed plans on how their forecast overspends will be brought back into line with existing budgets on a recurrent basis;

(iii)      that approval be given to the write off of £0.594m of historical bad debts as shown at paragraph 6 of the report now submitted;

(iv)      that approval be given for the budget virements, listed at Appendix 1 of the report,

(v)       that the potential impact of the Quarter 2 monitoring position on the Council’s Medium Term Financial Strategy at paragraph 7 be noted;

(vi)      that the updated reserves position, as outlined at paragraph 8 of the report, be noted, which will be transferred to strategic reserves at year end when the final position is known; and

(vii)     that approval be given for the further Invest to Grow schemes totalling £0.891m provided in the table at Section 8 of the report submitted.