Issue - decisions

Budget Monitoring Report - Quarter 1

12/09/2019 - Budget Monitoring Report - Quarter 1

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.