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 3 and Appendix A to the report;

(ii)  Approve the carry forward requests into 2019/20 as detailed in section 4 and Appendix B to the report;

(iii)  Approve a working capital facility of up to £0.2m for the B&D Reside group of companies on the terms set out in section 5 of the report;

(iv)   Approve a virement in 2018/19 in respect of the Street Purchasing income and expenditure budgets and a virement from 2019/20 onwards in respect of the disaggregation of the placements budget for Children with Disabilities, as detailed in section 6 of the report; and

(v)  Approve the reprofiled Capital Programme for 2018/19 of £284.758m, as detailed in Appendix D to the report.