Agenda item

RECOMMENDED TO CABINET ON 18^TH MARCH, 2020:-

a)         Corporate Financial Performance

(i)        that the Corporate Financial Performance Report for the Quarter ending 31^st December, 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 £5.877m be noted and agreed that this be considered as part of the updated Reserves Strategy which will form part of the 2020/21 budget setting process;

(iii)      that the current forecast Housing Revenue Account (HRA) operational underspend of £1.981m be noted;

(iv)      that approval be given to write off historic debts totalling £1.736m (£1.563m General Fund/£0.173m HRA).

b)         Capital Programme Performance

(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 £22.487m;

(vii)     that the new schemes approved during the Quarter totalling £11.922m be noted;

(viii)    that approval be given to a total net increase in scheme costs in 2019/20 of £0.482m.

c)         Treasury Management

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