6 Money Matters 2017/18 Position - Quarter 1 PDF 113 KB
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Minutes:
Cabinet considered a report providing an update of the forecast outturn Financial Position for 2017/18 on revenue and capital as at 30 June 2017, and the County Council's updated Medium Term Financial Strategy for the period 2017/18 to 2021/22. The report also set out budget proposals for Cabinet to consider.
Resolved: That
i. the forecast underspend of £5.022m on the 2017/18 revenue budget be noted.
ii. the revised Medium Term Financial Strategy (MTFS) and funding gap of £167.132m covering the period 2018/19 to 2021/22 be noted.
iii. the position in respect of the Council's reserves and to agree the transfers outlined in the report be noted.
iv. the position in respect of the Capital Programme in-year delivery for 2017/18 be noted.
v. the additions to the Capital Programme approved during Quarter 1 of 2017/18 set out in Table 1 of Appendix 'F' be noted.
vi. the re-profiling of the County Council's Capital Programme for 2017/18 as set out in Table 1 of Appendix 'F' be approved.
vii. the budget proposals set out within Appendix 'D' be approved, officers be authorised to proceed with their implementation and that the 2018/19 budget be based upon these revenue decisions.
viii. the budget proposals set out within Appendix 'E' be noted and officers be requested prepare a full Equality Impact Assessment to be considered at the next meeting of Cabinet on 12 October.
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