Issue - meetings

Budget Outturn 2019/20 - Qtr. 2 Forecast

Meeting: 26/11/2019 - Cabinet (Item 5)

5 Budget Outturn 2019/20 - Qtr. 2 Forecast pdf icon PDF 287 KB

To consider the Budget Outturn 2019/20 - Qtr. 2 Forecast.

Decision:

RESOLVED to approve the General Fund, Housing Revenue Account and Capital programme outturn forecast position and the updated use of reserves.

Minutes:

The Portfolio Holder – Finance and the Budget gave a summary of the report which detailed financial performance relating to the General Fund, Housing Revenue Account, Capital Programme and Treasury Management. It was based upon actual expenditure and income from April to September and predicted a forecast for the end of the 2019/20 financial year.

 

In response to a question from Councillor Barker, the Portfolio Holder – Finance and the Budget said that the rush of planning appeals would not keep continuing and that there would be more investments to fill the gap that was being created in the Council’s finances by the discontinuation of government funding.

 

In response to a question from Councillor Dean, the Director – Finance and Corporate Services said an overspend in the capital programme was caused by the work on the application for a new depot at Dunmow and the work on installing superfast broadband throughout Uttlesford. The Leader of the Council said these were projects that needed to be done and the Council was ready to do them,

 

RESOLVED to approve the General Fund, Housing Revenue Account and Capital programme outturn forecast position and the updated use of reserves.