Decision details

(Report of Director of Finance and Transformation)

The report provided information on the Council’s key budget areas of salaries, major income streams and investment income.  It also gave an update on the approved variations to the revenue budget and areas identified through budget monitoring, summarised to provide an indicative overall budget position for the year which showed a net adverse variance of £209,250.

An update was also given on capital expenditure and variations agreed in relation to the capital plan.

Reference was made to a number of measures included in the Chancellor’s Emergency Budget on 8 July 2015, the wider impacts of which on the Council were currently being assessed.  Further information would be given as part of the programme of review and update of the Medium Term Financial Strategy together with the effects of the Government’s Spending Review in the autumn.

Following consideration by the Finance, Innovation and Property Advisory Board, the Cabinet Member for Finance, Innovation and Property resolved that:

The contents of the report be noted and endorsed.