Decision details

Quarter 3 Financial Performance Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report provides information on the forecast full year financial position of the Council as at 31 December 2016

Decision:

It was RESOLVED that:

 

1)     The report and appendix was noted

 

2)     Recommend to FULL COUNCIL that the full year end under spend is contributed to the Organisational Development Reserve to fund timing delays in the Moving Forward Programme 2017-18.

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.

 

To utilise efficiencies achieved earlier than planned to cover timing shortfall of efficiencies in 2017-18.

Alternative options considered:

1.     That the report and appendix be noted and recommend to Full Council that the full year end under spend is contributed to the Organisational Development Reserve to fund timing delays in Moving Forward Programme for 2017-18.

 

2.     That the report and appendix be noted and not recommend to Full Council that the full year end under spend is contributed to the Organisational Development Reserve to fund timing delays in Moving Forward Programme for 2017-18.

 

Report author: Alison Chubbock

Publication date: 09/02/2017

Date of decision: 07/02/2017

Decided at meeting: 07/02/2017 - Cabinet

Accompanying Documents: