Decision details

Consideration was given to a report which provided a summary of the financial monitoring reports as at the end of October 2016.  There were six detailed reports summarised including the Revenue Budget Monitoring Report as at 31 October 2016; the Monitoring of Service Choices Savings; Monitoring of Financial Risks; Capital Plan Monitoring Report as at 31 October 2016; Treasury Monitoring Report as at 31 October 2016; and a report on Reserves and Balances.

Decision

The Committee –

1.    Noted the revenue budget monitoring report as at 31 October 2016.

2.    Noted the progress of the service choices policy saving options as at the end of October 2016.

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

4.    Noted the capital plan monitoring report as at 31 October 2016; and noted the over project cost changes, the project slippages and accelerations; and the updated capital plan reflecting these changes.

5.    Noted the treasury monitoring report as at 31 October 2016.

6.    Noted the overall level of reserves and balances and noted the monitoring of the earmarked reserves.

(Reference:  Report by Head of Strategic Finance dated 14 November 2016, submitted)