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Decision details

Report of the Director of Finance and Business Improvement - First Quarter Budget Monitoring

Decision Maker: Policy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To provide an overview of the capital and revenue budget and outturn for the first quarter of 2016/17 and highlights other financial matters that may have a material impact on the medium term financial strategy for the balance sheet.

Decision:

RESOLVED:

1)  That the revenue position at the end of the first quarter and the actions being taken or proposed to improve the position where significant variances have been identified, as set out in table 1, paragraph 2.8 of the report of the Director of Finance and Business Improvement be noted;

2)  That the proposed slippage in the capital programme of £4,526,591 into 2017/18 as detailed in paragraph 2.13 of the report of the Director of Finance and Business Improvement be approved;

3)  That the performance of the collection fund and the estimated level of balances at the year end be noted; and

4)  That the performance in relation to the treasury management strategy for the first quarter of 2016/17 be noted.

 

Wards Affected: (All Wards);

Contact: Mark Green Email: markgreen@maidstone.gov.uk Email: markgreen@maidstone.gov.uk.

Report author: Ellie Dunnet

Publication date: 30/09/2016

Date of decision: 28/09/2016

Decided: 28/09/2016 - Policy and Resources Committee

Effective from: 08/10/2016

Accompanying Documents: