Issue - meetings

Q1 Finance Report 2019/20

Meeting: 10/09/2019 - Cabinet (Item 29)

29 Quarter 1 Finance Report 2019/20 pdf icon PDF 69 KB

To provide an update on the forecast full year financial position of the Council at 30th June 2019 (report of the Portfolio Holder for Finance and Executive Director Commercialisation (S151) is 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Please note that Appendix B associated with this report is not for publication by virtue of Paragraph 3 (Information relating to the financial or business affairs of any particular person (including the authority holding that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 are therefore attached to this agenda as item 11).


Additional documents:


Consideration was given to the report of the Portfolio Holder for Finance and the Executive Director – Commercialisation (S151) which provided information on the forecast full year financial position of the Council as at 30 June 2019.


The Chairman of the Performance Monitoring Panel advised that he had questions with regard to information within confidential Appendix B to the report, and it was agreed that these would be addressed following exclusion of the Press and Public.




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; and




c)    That funding of £131,000 from the Growth and Commercialisation reserve, and the associated adjustment to capital and revenue budgets in respect of asset works, be approved.


(Other option considered:

·         To do nothing.

Reasons for decision:

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