Decision details

Councillor Russell Holland, the Deputy Leader of the Council and Vice Chair of Cabinet, and the Director of Finance submitted a joint report providing Cabinet with the 2019/20 revenue budget forecast out-turn.

The Deputy Leader introduced the report by advising Cabinet that without mitigating measures, the Council would face a year-end deficit, hence was vital for all to adhere to their budgets and implement necessary savings measures.  The Deputy Leader welcomed the Chancellor of the Exchequer’s Spending Review and undertook to bring a report on its implications to the next Cabinet meeting.

Resolved:

1)   That the 2019/20 revenue budget forecast out-turn for each service area set out in Table 1 and Appendix 1 be noted;

2)   To note that the Corporate Management Team will develop plans to mitigate the current forecast overspend;

3)   That the virements set out in Appendix 2.3 be approved.

The reasons for the decision and alternative options are as set out in the report to the meeting.