Decision - Targeted Budget Management (TBM) 2018/19: Month 5

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Decision details

Targeted Budget Management (TBM) 2018/19: Month 5

Decision Maker: Policy, Resources & Growth Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED: That the Committee agreed:

 

(i)            Noted the forecast risk position for the General Fund which

indicates a budget pressure of £3.078m. This includes an overspend of £1.148m on the council’s share of the NHS managed Section 75 services.

 

(ii)          Noted that the one-off financial risk safety net of £1.500m is

available to mitigate the forecast risk if the risks cannot be completely eliminated by the year-end.

 

(iii)         Noted the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.480m.

 

(iv)         Noted the forecast position for the Dedicated Schools Grant, which is an underspend of £0.150m.

 

(v)          Agreed to create a Sports and Events Strategy Reserve as set out in paragraph 6.2.

 

(vi)         Noted the forecast outturn position on the capital programme and approve the variations and slippage in Appendix 5 and the new schemes as set out in Appendix 6.

 

Report author: Nigel Manvell

Publication date: 11/10/2018

Date of decision: 11/10/2018

Decided at meeting: 11/10/2018 - Policy, Resources & Growth Committee

Accompanying Documents:

 


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