Decision details

Quarter 3 Financial Performance Report 2017-18

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report provides information on the forecast full year financial position of the Council as at 31 December 2017.

Decision:

1)       That the report and appendix be noted

 

2)       That any below budget spend at 31 March 2018 up to £100,000 is contributed into the Organisational Development Reserve to be used for feasibility studies relating to growth and investment fund projects (to be added to the existing £100,000 currently held & subject to the existing release approvals).

 

Reasons for the decision:

To provide timely information to Members on the overall financial position of the Council, enabling resource re-allocation to priorities where necessary.

Alternative options considered:

Option 1 - That the report and appendix be noted and that any below budget spend at 31 March 2018 up to £100,000 is contributed into the Organisational Development Reserve to be used for feasibility studies relating to growth and investment fund projects (to be added to the existing £100,000 currently held & subject to the existing release approvals)

 

Option 2 - That the report and appendix be noted and no funding is contributed into the Organisational Development reserve.

 

Report author: Alison Chubbock

Publication date: 07/02/2018

Date of decision: 06/02/2018

Decided at meeting: 06/02/2018 - Cabinet

Effective from: 15/02/2018

Accompanying Documents: