Issue - meetings

To provide information on Quarter 3 (to 31 December 2018) and forecast full year financial position of the Council (report of the Portfolio Holder for Finance and the Executive Director Commercialisation (S151) enclosed).

Please note that appendix B associated with this report is not for publication by virtue of Paragraph 3 (Information relating to the financial or business affairs of any particular person (including the authority holding that information)) in Part 1 of Schedule 12A of the Local Government Act 1972, and is therefore attached to this agenda as item 14).

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 2018) and forecast full year financial position to the Council.

DECISION:

a)    That the report and Appendix A be noted.

b)    That the estimated position with regard to the contributions to and use of Reserves be noted.

RECOMMENDED TO COUNCIL:

c)    That an increase in the General Fund Capital programme is approved in accordance with para. 5.5.2 and Appendix B of the report.

d)    That the revised 2018-19 capital programme for the General Fund and HRA be approved.

(Other options considered:

·         To note the report and not approve the recommendations detailed in Appendix A;

·         To do nothing.

Reasons for decision:

·         To provide members with information on the Council’s overall financial performance to date in 2018-19 and to provide an updated financial position on reserves for 2018-19.)