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.