Decision details

9.1

The Executive Director, Resources, submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2018/19.

9.2

RESOLVED: That Cabinet:- 

(a)

notes the updated information and management actions provided by the report and attached appendices on the 2018/19 Revenue Budget Outturn;

(b)

notes the recommendation of the Executive Director, Resources and Statutory Finance Officer, at paragraph 14 of the report, that the General Fund reserve is returned to the minimum recommended level of £12.6m (approximately 3% of net revenue expenditure) during 2019/20;

(c)

in relation to the Capital Programme, notes the Outturn position described in Appendix 6 of the report; and

(d)

in relation to the Treasury Management Review in Appendix 7 of the report, notes the 2018/19 Treasury Management Outturn Report.

9.3

Reasons for Decision

9.3.1

To record formally changes to the Revenue Budget and the Capital Programme.

9.4

Alternatives Considered and Rejected

9.4.1

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members.  The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.

9.5

Any Interest Declared or Dispensation Granted

None

9.6

Reason for Exemption if Public/Press Excluded During Consideration

None

9.7

Respective Director Responsible for Implementation

Eugene Walker, Executive Director, Resources.

9.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee.