Decision details

The Policy and Resources Committee gave consideration to a report which provided a summary of the financial monitoring reports as at the end of August 2018.  Six detailed reports were summarised which included the Revenue Budget Monitoring Report as at 31 August 2018, the Monitoring of Service Package Policy Options as at 31 August 2018, the Monitoring of Financial Risks as at 31 August 2018, the Capital Plan Monitoring Report as at 31 August 2018, the Treasury Monitoring Report as at 31 August 2018 and the Reserves and Balances as at 31 August 2018.

Decision

The Policy and Resources Committee –

1.    Noted the Revenue Budget Monitoring Report as at 31 August 2018.

2.    Noted the comments in respect of the Health and Social Care Partnership position.

3.    Approved that a transfer of £0.020m is made from the Council’s budget provision for apprenticeship levy in 2018-19 and transferred to Live Argyll as part of the management fee and also agreed that this transfer is added to the base management fee for future years.

4.    Noted the progress of the Service Package Policy Savings Options as at 31 August 2018.

5.    Noted the current assessment of the Council’s financial risks.

6.    Noted the Capital Plan Monitoring Report as at 31 August 2018 and approved the proposed changed to the Capital Plan as detailed at Appendix 7 to the submitted report.

7.    Noted the Treasury Monitoring Report as at 31 August 2018.

8.    Noted the Reserves and Balances Report as at 31 August 2018.

(Reference:  Report by Head of Strategic Finance dated 26 September 2018, submitted)