Issue - meetings

Budget Monitoring 2019/20

 

 

Meeting: 10/07/2019 - Executive (Item 24)

24 BUDGET MONITORING 2019/20 pdf icon PDF 103 KB

Additional documents:

Minutes:

Report CSD19109

 

The Executive considered the first budget monitoring report for 2019/20, based on expenditure and activity levels up to the end of May 2019.

 

The report had been scrutinised at the Executive, Resources and Contracts PDS Committee meeting on 3rd July 2019 and the Committee supported the proposals.

 

RESOLVED that

 

(1) The latest financial position be noted, including the projected net overspend on services of £2,084k forecast based on information as at 31st May 2019.onsider the latest financial position.

(2) The comments from Chief Officers detailed in Appendix 2 to the report be noted.

(3)  The projected variation of £696k debit from investment income as detailed in sections 3.6 and 3.7 of the report be noted.

(4)  The carry forwards being requested for drawdown as detailed in section 3.3 of the report be noted.

(5)  The projected reduction to the General Fund balance of £2,788k as detailed in section 3.4 of the report be noted.;

(6) The full year cost pressures of £3.7m as detailed in section 3.5 of the report be noted.

(7) The release of £70k from the 2019/20 Central Contingency relating to street lighting costs be agreed as detailed in paragraph 3.2.2 of the report.

(8) The release of £52k from the 2019/20 Central Contingency relating to additional Exchequer and TFM contract costs as detailed in paragraph 3.2.4 of the report be agreed.

(9) The release of £584k credit from the 2019/20 Central Contingency relating to savings allocated to the review of staffing as detailed in paragraph 3.2.5 in the report be agreed.

(10) The return to the Central Contingency of £898k as detailed in paragraph 3.2.6 in the report be noted.

(11) £900k be allocated from the Health and Social Care Initiative Reserve to support additional Children’s Social Care costs as detailed in paragraph 3.10 of the report.

(12) Council be recommended to agree that £1m transferred from the Health and Social Care Initiative Reserve to support the BCCG with their transformation plan for 2019/20 as detailed in paragraph 3.10 of the report.