Issue - meetings

To consider the report of the Chief Officer Resources.

Consideration was given to report of the Chief Officer Resources.

At the invitation of the Leader the Chief Officer Resources presented the report that detailed the provisional financial outturn position to the end of March 2020 across all portfolios (subject to audit); and any significant adverse and/or favourable variances.

The Chief Officer Resources referred to paragraphs 5.1.2 and 5.1.3 that overall budget holders had maintained spending within the overall total for the approved capital schemes; and that future year funding of £59m consisting of external grants and the Authority’s own funded would be carried forward into the future financial year.

The Leader noted that this was another very positive report.

RESOLVED that the report be accepted and the Executive:

·        Provided appropriate challenge to the financial outcomes in the report;

·        Continued to support appropriate financial control procedures agreed by Council; and

·        Noted the budgetary control and monitoring procedures in place within the Capital Team, to safeguard Authority funding. (Option 1)