Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2018/19 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 current forecast outturn position for 2018/19 of the Council’s General Fund revenue budget as detailed in section 2 and Appendix A of the report;

(ii)  Note the current forecast outturn position for the Housing Revenue Account for 2018/19;

(iii)  Approve the proposed allocation of the London-wide Strategic Investment Pot to the individual projects listed in paragraph 5.8 of the report and that the SIP Panel be encouraged to allocate any additional funding that may become available to the ‘Local London: Investment in Fibre’ project, which would serve Barking and Dagenham; and

(iv)  Approve the virements as detailed in paragraph 6 and Appendix D of the report.