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:

 

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