Issue - meetings

Budget Management 2019/2020 – Progress Report April to December 2019.

Meeting: 10/02/2020 - Cabinet (Item 6)

6 Budget Management 2019/2020 – Progress Report April to December 2019. pdf icon PDF 620 KB

Minutes:

Peter Stuart, Head of Corporate Resources introduced the report.  He noted that due the timing of receipts the dividend payments received were now £63,000 as a further £3,000 had been received since the report had been published.

 

The Deputy Leader confirmed the receipt of Section 106 monies and that £1.7m had been utilised to fund contributions for Formal Sport, Community Buildings and Playspace projects.

 

In response to the Cabinet Member for Economic Growth query, the Head of Corporate Resources confirmed that there had been a reduction to the predicted additional income for car parking by £6,000.

 

The Cabinet Member for Service Delivery confirmed that due to the realignment of the collections by Serco an extra 1,500 households will be able to subscribe to the Garden Waste Service.

 

The Cabinet Member for Housing and Planning noted that commuted sums had been received and highlighted the investment in social housing schemes.

 

As no other Members wished to speak the Leader took Cabinet to the recommendations contained in the report, which were agreed unanimously.

 

RESOLVED

 

Cabinet recommended to Council for approval:

 

(i)          that £82,000 be transferred from General Reserve to Specific Reserve as detailed in paragraph 20;

(ii)         that £4,702 grant income relating to Local Authority Data Sharing Programme Grant be transferred to Specific Reserve as detailed in paragraph 21;

(iii)        that £1,779 grant income relating to External Wall System Data collection exercise be transferred to Specific Reserve as detailed in paragraph 22;

(iv)        that the commuted sum of £29,925 is released from General Reserve as detailed in paragraph 23;

(v)      the variations to the Capital Programme contained in paragraph 37 in

 accordance with the Council’s Financial Procedure rule B3.

 

And noted the remainder of the report.