Agenda item

Corporate Financial Performance, Quarter 2 ending 30th September, 2017 (Cab.29.11.2017/8)

Minutes:

RESOLVED:-

 

(i)        that the Corporate Financial Performance Report for the quarter ending 30th September 2017, as detailed in the report now submitted, be noted;

 

(ii)       that Executive 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 £0.547m of historical debt as shown at paragraph 6.3 of the report;

 

(iv)      that the budget virement detailed in Appendix 1 of the report be approved;

 

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

 

(vi)      that an update be given on the Council Reserves Strategy as part of the 2018/19 Budget Process.

Supporting documents: