Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
RESOLVED that –
(a) in respect of the financial performance against the budget at the end of September 2019:
(1) the current position be noted;
(2) the proposed in-year adjustments to the budget, as set out in Appendix H to item A.7 of the Report of the Corporate Finance and Governance Portfolio Holder, be agreed;
(3) in respect of the Council’s Treasury Management Practices, the aggregate amount of money that can be placed overnight with the Council’s bankers be increased temporarily from £1.000million to £1.500million for each day the Council’s offices are closed over the Christmas break; and
(4) the Council continues to be a member of the Essex Business Rates Pool in 2020/21 if it remains financially advantageous to do so.
(b) in respect of the Updated Long Term Forecast, the updated forecast be agreed and the Resources and Services Overview and Scrutiny Committee be consulted on the latest position.
Report author: Richard Barrett
Publication date: 08/11/2019
Date of decision: 08/11/2019
Decided at meeting: 08/11/2019 - Cabinet