Decision details

RESOLVED:

That District Executive agreed to:-

a.

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

b.

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

c.

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

d.

note the transfers made to and from reserves outlined in paragraph 28, Table 5 and the position of the Area Reserves as detailed in Appendix C and the Corporate Reserves as detailed in Appendix D.

Reason:

To provide Members with 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.