Decision details

Decision:

1.    Cabinet approves the forecast 2019/20 outturn positions for Revenue, Savings and Income Generation and Capital as at the end of September 2019 and notes the variances that require further action. 

Reasons for decision:

1.    The Finance Update Report for Quarter 2 2019/20 of the Cabinet Member for Finance

2.    To keep the Cabinet updated as to the financial position of the authority

3.    Effective budget management is critical to ensuring financial resources are spent in line with the budget and are targeted towards the Council’s priorities

4.    Monitoring enables the early identification of variations against the plan and facilitates timely corrective action

Other options considered and rejected:

None