Decision Maker: Cabinet
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: Yes
Quarterly Budget monitoring report.
The Portfolio Holder introduced the report which presented the forecast outturn for 2019/20 based on information available at the end of December 2019. The Quarter 3 forecast projected a deficit of £150,000 for the General Fund at year end (which had reduced from £292,000 at Quarter 2 (a reduction of £142,000). This showed that Services had responded well to previously reported budget pressures. A full list of movements since Quarter 2 was shown at Table 2 at a service level. The Housing Revenue Account (HRA) was forecasting an overspend of £452,000 for the year, broadly in line with the Quarter 2 forecast.
Resolved:
That (i) the forecast outturn position for the General Fund and the Housing Revenue Account be noted.
(ii) the Capital Monitoring update, including Exempt Appendix B, and the Treasury Management position, be noted.
(iii) the disposal of the Uprising Youth Vehicle be noted.
Contact: Maria Stevens, Director - Customer, Technology and Finance Email: maria.stevens@ashford.gov.uk Tel: 01233 330547.
Publication date: 03/03/2020
Date of decision: 27/02/2020
Date comes into force if not called in: 12/03/2020
Call-in deadline date: 11/03/2020