Agenda item

Corporate Financial Performance Quarter Ending 31st December 2019 (Cab.4.3.2020/11)




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.

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