Issue - meetings

Money Matters 2019/20 Position - Quarter 1

Meeting: 05/09/2019 - Cabinet (Item 4)

4 Money Matters 2019/20 Position - Quarter 1 pdf icon PDF 228 KB

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Minutes:

Cabinet received an update on the county council's 2019/20 revenue and capital financial position as at the end of June 2019 and an updated Medium Term Financial Strategy (MTFS) covering the period 2020/21 to 2022/23. It was noted that the government's Spending Review had been announced since the publication of the report, the outcomes of which were currently being considered and would be reflected in future reports as necessary.

 

Resolved: That

  i.  the current forecast underspend of £0.506m on the revenue budget in 2019/20 be noted.

  ii.  the increased funding gap of £64.755m covering the period 2020/21 to 2022/23 as set out in the revised financial outlook forecast for the Council be noted.

  iii.  the budget adjustments for 2020/21, and following years' changes, included in the revised MTFS, be approved.

  iv.  the contents of the county council's reserves position be noted.

  v.  a reprofiled 2019/20 capital delivery programme of £143.090m as presented be approved. 

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