Agenda item
Corporate Finance Performance, Quarter 1 ending 30th June, 2017 (Cab.6.9.2017/8)
Minutes:
RESOLVED:-
(i) that the Corporate Finance Performance Report for the quarter ending 30th June, 2017, as set out in the report now submitted, be noted;
(ii) that 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 the writing off for accounting purposes of £0.673m of historical bad debts (general fund) as detailed at paragraph 6.3, be approved;
(iv) that the writing off for accounting purposes of £0.123m of tenant arrears (Housing Revenue Accounts) as shown at paragraph 6.4, be approved;
(v) that the budget virements as set out in Appendix 1 of the report be approved;
(vi) that the potential impact of the Quarter 1 monitoring position on the Council’s Medium Term Financial Strategy as detailed in paragraph 7 be noted;
(vii) that the use of the remaining Invest to Grow Fund (£0.068m) be approved for improving the Council’s Cyber Security. The total cost will be £0.287m and the balance will be funded via capital receipts and service savings; and
(viii) that an update be received on the Council Reserves Strategy as part of the 2018/19 Budget Process to commence in late September.
Supporting documents:
- Corporate Finance Performance, Quarter 1 ending 30th June, 2017, item 64. PDF 810 KB
- Appendix, item 64. PDF 175 KB