Decision details

RESOLVED:

That District Executive:-

a.

noted the current 2018/19 financial position of the Council;

b.

noted the reasons for variations to the previously approved Directorate Budgets as detailed in paragraph 9, Table 1;

c.

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

d.

noted the transfers made to and from reserves outlined in paragraph 27, Table 4 and the position of the Area Reserves as detailed in Appendix C and the Corporate Reserves as detailed in Appendix D.

Reason:

To note and confirm the mid-year 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.