Decision details

Budget Control Report January 2018 - MAR18/CAB/118

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Cabinet considered the report and RESOLVED (unanimous) to:

 

1.    Note the Budgetary Control position for 2017/18 at January includes an underspend of £3.466m for Revenue.

 

2.    Note a contribution to the capacity reserve of £3.466m, which relates to the 2017/18 underspend as reflected in Appendix A.

 

3.    Note the estimated reserves position for 2017/18 outlined in Appendix C.

 

4.    Note the Asset Investment and Treasury Budget position outlined in Appendix D.

 

5.    Approve the virement of a capital budget of £0.310m for further investment in to the day opportunities service, as outlined in Appendix D, from the People and Communities budget.

 

Reasons for the decision:

The report updated Cabinet on the January 2018 budgetary control position.

 

Alternative options considered:

There were no alternative options considered.

 

Interests and Nature of Interests Declared:

None.

Background Documents:

None.

Publication date: 26/03/2018

Date of decision: 26/03/2018