To provide information on Quarter 1 (to 30 June 2017) and forecast full year financial position of the Council (report of the Portfolio Holder for Finance and Executive Director – Commercialisation (S151) is enclosed).
Consideration was given to the joint report of the Portfolio Holder for Finance and the Executive Director Commercialisation (S151) which provided information on Quarter 1 (to 30 June 2017), and forecast full year financial position of the Council. Detailed information was provided in Appendix A to the report.
The Portfolio Holder for Finance reported that there was currently a small underspend however, the Quarter 2 figures would show a more informed position.
That the report and appendices be noted.
(Other options considered:
· To do nothing.
Reasons for decision:
· To provide members with information on the overall financial position of the Council.)