Decision - Budget Monitoring Report - Quarter 1
Decision details
Budget Monitoring Report - Quarter 1
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
Decision made (Unanimously):
That:
1. Cabinet notes the report.
2. Cabinet approves a virement of the £150,000 turnover savings target budget to reflect staffing savings achieved in the first period to the end of July 2019.
3. Cabinet approves the creation of a new budget of £75,000 for hosting a music event in the Borough in summer 2020, to be funded from the forecasted underspend in the 2019/20 revenue to cash flow the initial phase of the festival preparations.
Report author: Jane Blundell
Publication date: 12/09/2019
Date of decision: 11/09/2019
Decided at meeting: 11/09/2019 - Cabinet
Effective from: 20/09/2019
Accompanying Documents: