Decision details

This report is the final one in the monitoring cycle for 2018/19, setting out the Council’s financial performance against its revenue budget for the financial year.  The scale of Government funding cuts has put departments under pressure to provide services with less funding.  It is pleasing to report that the Council continues to live within its means.

To approve the following transfers to earmarked reserves:

a)         the transfer of underspends within the Corporate Resources Department, as set out in Appendix B, paras 1.1, 2.1, & 4.1, of the attached report;

b)         the transfer of underspends of £26k in City Developments and Neighbourhoods, as well as the amounts detailed in Appendix B, paras 7.1, 8.1, 9.1 & 11.4;

c)         the transfer of the amounts in Adult Social Care detailed in Appendix B, paras 13 and 13.13 to the Demographic Pressures Reserve;

d)         the transfer of the amounts in Education and Children’s Services as detailed in Appendix B, para 15.13;

e)         the transfer of the underspends within Public Health & Sports Services as set out in Appendix B, para 14.1;

f)          the transfer of the underspends within corporate budgets to managed reserves and the capital reserve, as detailed in Appendix B, para 16.

Note: The decision taken did not meet the criteria of a Key Decision and was, therefore, taken as Non-Key decision.

The City Mayor and Overview Select Committee receive a report on the forecast revenue budget position regularly throughout the year (as well as an outturn report at the end of the year). These decisions are consequential to the monitoring exercise.

Not Applicable.