Issue - meetings
Money Matters 2019/20 Position – Quarter 2
Meeting: 16/01/2020 - Cabinet (Item 4)
- Appendix A, item 4 PDF 627 KB View as DOCX (4/2) 265 KB
- Appendix B, item 4 PDF 605 KB View as DOCX (4/3) 796 KB
- Appendix C, item 4 PDF 463 KB View as DOCX (4/4) 709 KB
Cabinet considered the Money Matters report, setting out an update on the county council's 2019/20 revenue and capital budget position and an updated medium term financial strategy (MTFS) covering the period 2020/21 to 2023/24.
i. the current forecast underspend of £12.135m on the revenue budget in 2019/20 be noted.
ii. the revised funding gap of £28.438m covering the period 2020/21 to 2023/24 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 re-profiled 2019/20 capital delivery programme of £147.107m as presented within the body of the report be approved.
vi. the Chief Executive and Director of Resources; the Director of Finance and his staff; and all staff be thanked for their hard work in achieving the improvement in the county council's financial position and the forecast reduced future funding gap.