Decision details

Cabinet considered a report on the Third Quarter Review (Finance) 2019/20.

The report had been considered by the Corporate Overview and Scrutiny Committee at its meeting on 3^rd February 2020. Councillor J Clowes, Chairman of the Corporate Overview and Scrutiny Committee, presented the Committee’s comments on the report to Cabinet.

The Leader of the Council congratulated the Portfolio Holder for Finance, IT and Communication and the Finance team in achieving a balanced outcome.

RESOLVED

That Cabinet

1.    notes the contents of the report and the mitigating actions to manage the forecast outturn;

2.    notes the contents of Annex 1 to the report;

3.    approves in accordance with Finance Procedure Rules Capital a virement over £1,000,000 and up to £5,000,000 (Appendix 4, Annex C):

£1,909,959 to amalgamate the Minor Works and Premises Capital (Facilities Management) budgets.