Decision details

The Committee gave consideration to a report that provided a summary of the financial monitoring reports as at the end of August 2019.

Decision

The Policy and Resources Committee –

1.    Noted the revenue budget monitoring report as at 31 August 2019 and noted the comments in respect of the Health and Social Care Partnership.

2.    Noted the progress with the policy savings options as at 31 August 2019 and agreed that saving option TB08 will no longer be pursued following the decision at the Oban, Lorn and the Isles Area Committee on 11 September 2019.  Noted that the shortfall of £0.347m from 2020-21 onwards would now be reflected within the budget outlook report.

3.    Noted the financial risks for 2019-20.

4.    Noted the capital plan monitoring report as at 31 August 20-19 and approved the proposed changes to the capital plan as detailed in Appendix 4 to the report.

5.    Noted the treasury monitoring report as at 31 August 2019.

6.    Noted the reserves and balances report as at 31 August 2019.

7.    Agreed to recommend to Council that the revenue virements over £0.200m during July and August are approved.

(Reference:  Report by Head of Financial Services dated 24 September 2019, submitted)