Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2017/18 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.
The Cabinet resolved to:
(i) Note the forecast outturn position for 2017/18 of the Council’s General Fund revenue budget at 30 September 2017, as detailed in section 2 and Appendix A of the report;
(ii) Note the new financial pressures and the suggested mechanisms for resolving them, as detailed in section 3 of the report;
(iii) Note the overview of the Housing Revenue Account for 2017/18, as detailed in section 4 and Appendix B of the report;
(iv) Approve the following additions to the Capital Programme;
· Land Acquisitions - £10m
· Becontree Heath New Build - £5.7m
· Street Property Purchase Programme - £30m
(v) Approve the inclusion of £1.48m in the 2017/18 Capital Programme for a number of data related IT projects, as outlined in paragraph 5.3 of the report;
(vi) Note the reprofiled Capital Programme position for 2017/18 as detailed in Appendix C to the report;
(vii) Approve the capital budgets for 2018/19 and future years, as set out in Appendix D to the report; and
(viii) Note the update on the Medium Term Financial Strategy savings, as detailed in section 6 and Appendix E of the report.
Report author: Kathy Freeman
Publication date: 16/11/2017
Date of decision: 14/11/2017
Decided at meeting: 14/11/2017 - Cabinet
Effective from: 23/11/2017
Accompanying Documents: