Decisions for issue Targeted Budget Management (TBM) 2018/19: Month 9
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Targeted Budget Management (TBM) 2018/19: Month 9
14/02/2019 - Targeted Budget Management (TBM) 2018/19: Month 9
129.1
RESOLVED:
(1)
That the forecast risk position for the General Fund which
indicates a budget pressure of £0.381m as at month 9 be
noted. (This includes an overspend of £1.100m on the
council’s share of the NHS managed Section 75
services);
(2)
That, based on downward forecast trends since month 4, the position
to be assumed for the purposes of setting the 2019/20 General Fund
revenue budget is break-even, indicating a further predicted
improvement of £0.381m by year end be noted;
(3)
That the 2018/19 one-off financial risk safety net of £1.500m
can therefore be released and will be available in full to support
the 2019/20 General Fund revenue budget be noted;
(4)
That the forecast for the Housing Revenue Account (HRA), which is
currently an underspend of £0.900m be noted;
(5)
That the forecast position for the Dedicated Schools Grant, which
is an underspend of £0.865m be noted;
(6)
That the forecast outturn position on the capital programme and
approve the variations and slippage in Appendix 6 and the new
schemes as set out in Appendix 7 to the report be noted;
and
(7) That the advice regarding the council’s ability to accept payments in Euros as set out in Section 6 of the report be noted.