Decision details

Q1 Financial Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To provide details of the projected outturn for 2018/19 at quarter 1. Includes projected outturn for General fund, Housing Revenue Account and the Capital programme.

Decision:

RESOLVED TO RECOMMEND;

 

 

  1. That the revised capital programme to move slippage identified at Quarter 1 into financial year 2019/20 as detailed in Appendix C be approved.

 

  1. That the draw down of reserves previously agreed by Cabinet be approved. Details are set out below:

 

  • Draw down £165k from Capital Development reserve to fund Development Company (DevCo) phase 1 costs incurred.

 

  • Draw down £70k from On-Street Car Parking reserves to cover costs of ongoing parking zone consultation.

 

 

  1. That the supplementary capital budgets be approved.

 

  • Capital budget of £15k for Gadebridge Park Walled Garden irrigation system

 

  • Capital budget of £34k for Warners End Community Centre heating and door improvement works

 

  1. That the virements detailed in Appendix D be approved:

 

  • Virement to transfer the budget for the debt recovery function from Legal Services to Financial Services

 

  • Virement for the purpose of realigning capital budgets in order to deliver recycling facilities at flats

 

  • Virement for the purpose of realigning the car parking budget to reflect new cashless parking system

 

 

 

Publication date: 21/09/2018

Date of decision: 18/09/2018

Decided at meeting: 18/09/2018 - Cabinet

Accompanying Documents: