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, Director of Finance, Resources & Business Improvement 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: