Decision details

Corporate Financial Performance - Quarter Ending 30th September 2019 (Cab.27.11.2019/8)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes




(i)        that the Corporate Financial Performance Report for the Quarter ending 30th September 2019, as set out in the report now submitted, be noted;


(ii)       that the current forecast General Fund revenue operational underspend for 2019/20 of £4.329m and agree that this be considered as part of the updated Reserves Strategy which will form part of the 2020/21 budget setting process be noted;


(iii)      that the current forecast Housing Revenue Account (HRA) operational underspend of £1.937m be noted;


(iv)      that approval be given to the writing off of historic bad debts totaling £0.646m (£0.578m General Fund/ £0.068m HRA);


(v)       that the forecast position on the 2019/20 and overall five year Capital Programme be noted;


(vi)      that approval be given to the scheme slippage of £13.392m predominately relating to the M1 J36/37 redevelopments;


(vii)     that approval be given for bringing forward plans totaling £10.000m on the Glassworks scheme as a result of a redevised programme of works;


(viii)    that approval be given to a total net increase in scheme costs in 2019/20 and in total of £0.380m;


(ix)      that an additional loan advance to BBIC of £0.150m be approved; and


(x)       that the key messages from the Council’s Treasury Management activities carried out during the quarter be noted.


Publication date: 03/12/2019

Date of decision: 27/11/2019

Decided at meeting: 27/11/2019 - Cabinet

Effective from: 04/12/2019

Accompanying Documents: