Issue - decisions

Cabinet Members' Items - Report of the Finance and Corporate Resources Portfolio Holder - A.6 - Financial Performance Report - In-Year Performance against the Budget as at the end of September 2018 and Long-Term Financial Forecast Update

 

 

09/11/2018 - Cabinet Members' Items - Report of the Finance and Corporate Resources Portfolio Holder - A.6 - Financial Performance Report - In-Year Performance against the Budget as at the end of September 2018 and Long-Term Financial Forecast Update

RESOLVED that

 

(1)       in respect of the financial performance against the budget at the end of

September 2018:

 

(a)    the position be noted;

 

(b)   the proposed in-year adjustments to the budget, as set out in Appendix H to item A.6 of the Report of the Finance and Corporate Resources Portfolio Holder be agreed; and

 

(c)    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 £1.000m to £1.500m for each day the offices are closed over the Christmas break.

 

(2)       in respect of the Updated Long Term Forecast revised at the end of September

2018:

 

(a)    updated forecast be agreed; and

 

(b)   the Resources and Service Overview and Scrutiny Committee be consulted on the updated position.