Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2019/20 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.

Cabinet resolved to:

(i)  Note the projected revenue outturn for Council services as set out in sections 2 and 3 to 11 and Appendix A to the report;

(ii)   Note the implications for the reserves position and the need to identify in year action in relation to General Fund expenditure;

(iii)  Note the update on the Capital Programme and approve the additional 2018/19 slippage on the general fund budget of £0.366m for My Place, previously not requested;

(iv)  Note the update on the Transformation programme and approve the net carry forward of £2.907m and note the quarter 2 forecast position; and

(v)  Approve the proposed allocation of the London-wide Strategic Investment Pot to the individual projects listed in paragraph 16.8 and Appendix C of the report.