Issue - decisions

Quarter 3 Section 151 Financial monitoring report

21/03/2019 - Quarter 3 Section 151 Financial Monitoring Report

RESOLVED (Unanimously)

 

That:

 

1.    Cabinet notes the projected Revenue financial monitoring position for 2018/19 as at 31 December 2018, including the management actions taken to deliver the savings and achieve the projected surplus.

2.    Cabinet notes the proposed drawdown of reserves of £170,000 to cover associated expenditure for which the reserves were created.

3.    Cabinet notes the projected Capital monitoring position for 2018/19 as at 31 December 2018 including the revised spend outturn, revised funding mechanisms and carry over into 2019/20.

4.    Cabinet grants approval for up to £100,000 of the surplus to be used to carry out additional environmental works across the Borough to enhance existing green links programmes.