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.
Decision type: Non-key - Low
Decision status: Recommendations Approved
Notice of proposed decision first published: 26/03/2018
Decision due: 26 Mar 2018 by Cabinet
Lead member: Cabinet Member for Resources
Lead director: Executive Director Corporate Services
Contact: Peter Carpenter, Acting Corporate Director Resources Email: peter.carpenter@peterborough.gov.uk Tel: 07920 160122.