Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
(KEY DECISION)
Report No. 147/2017 from the Director for Resources was received.
Mr Della Rocca, Assistant Director - Finance, introduced the report, the purpose of which was to inform Cabinet and all Members of the full year forecast position as at Quarter 1 for 2017/18 and to highlight issues that may impact on the Medium Term Financial Plan to enable them to maintain sound financial management of the Council’s operations.
During discussion the following points were raised:
DECISION
1. Cabinet NOTED the 2017/18 revenue and capital outturn position as at Quarter 1.
2. Cabinet APPROVED the use of £150k from the Adult Social Care Contingency and £114k Social Care earmarked reserve as requested in para 2.2.2 of Report No. 147/2017.
3. Cabinet NOTED the increased in Non Ringfenced grants of £13k as detailed in para 2.2.2 of Report No. 147/2017.
4. Cabinet NOTED the Council had submitted a bid to the National Productivity Investment Fund for 2018/19 and 2019/20 to support the Town Centre Development (para 2.4.2).
Reason for Decision
1. The Council was required to make savings over the medium term, the Quarter 1 position was positive as, despite a number of significant variances, the forecast was broadly in line with budget.
Publication date: 18/08/2017
Date of decision: 15/08/2017
Decided at meeting: 15/08/2017 - Cabinet
Effective from: 23/08/2017