Decision details

RESOLVED:

That District Executive agreed to:-

a.

note the current 2019/20 financial position of the Council;

b.

note the reasons for variations to approved Directorate Budgets as detailed in paragraph 8, Table 1;

c.

note the budget virements made under delegated authority as detailed in Appendix B;

d.

approve the budget virements included in Table 4;

e.

note the transfers made to and from reserves outlined in paragraph 28 Table 6, the Area Reserves as detailed in Appendix C, and the Corporate Reserves as detailed in Appendix D.

Reason:

To provide the current projection of the forecast spending and income (“outturn”) against the Council’s approved Revenue Budget for the financial year, and to explain projected variations against budget.