RECOMMENDED TO CABINET ON 18TH MARCH, 2020:-
a) Corporate Financial Performance
(i) that the Corporate Financial Performance Report for the Quarter ending 31st 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.