Local democracy

Issue - meetings

QTR. 4 FINANCE POSITION STATEMENT FOR 2019-20

Meeting: 24/03/2020 - Executive (Item 109)

109 QTR. 4 FINANCE POSITION STATEMENT FOR 2019-20 pdf icon PDF 471 KB

The Director of Finance will submit a report (Document “BH”) which provides Members with an overview of the forecast financial position of the Council for 2019-20.

 

It examines the latest spend against revenue and capital budgets and forecasts the financial position at the year end. It states the Council’s current reserves and forecasts school balances for the year. 

 

Recommended –

 

That the Executive

 

(1)       Note the contents of Document “BH” and the actions taken to manage the issues highlighted in the report.

 

(2)       Approve the following capital expenditure schemes as set out at paragraph 11.8 of this report.

 

·         £0.433m to extend the fitness facilities at Bowling Pool. This will be funded by the additional income generated through increased membership.

 

Corporate Overview and Scrutiny Committee

(Andrew Cross - 01274 436823)

 

Decision:

Recommended –

 

That the Executive

 

(1)       Note the contents of Document “BH” and the actions taken to manage the issues highlighted in the report.

 

(2)       Approve the following capital expenditure schemes as set out at paragraph 11.8 of this report.

 

·         £0.433m to extend the fitness facilities at Bowling Pool. This will be funded by the additional income generated through increased membership.

 

Corporate Overview and Scrutiny Committee

(Andrew Cross - 01274 436823)