Issue - meetings

To provide information on Quarter 3 (to 31 December 2017) and forecast full

year financial position of the Council (report of the Portfolio Holder Finance

and the Executive Director Commercialisation (S151 Officer) enclosed.)

Consideration was given to the report of the Portfolio Holder for Finance and the Executive Director Commercialisation (S151) which provided information on Quarter 3 (to 31 December 2017) and forecast full year financial position of the Council.

Members were advised that there were several adjustments and variations from the position reported at Quarter 1, and these were detailed within section 2.1.3 of the report.

Members thanked officers within the Finance Team for their hard work on the budgets.  

DECISION:

That the report be noted;

RECOMMENDED TO COUNCIL:

a)    That the use of reserves as set out in paragraph 2.4.2 of the report be approved; and

b)    That the necessary revision to the capital programme as part of the 2018-19 budget report be approved.

(Other options considered:

·         To note the report and not approve the recommendations detailed.

Reasons for decision:

·         To provide information to members on the overall financial position of the Council).