Decision details

Consideration was given to a report which provided a summary of the financial monitoring reports as at the end of January 2017.  The reports, where relevant, had been updated to reflect the budget proposals agreed by the Council at their meeting on 23 February 2017.  Six detailed reports were summarised including the Revenue Budget Monitoring Report as at 31 January 2017; Monitoring of Service Choices Savings, Monitoring of Financial Risks, Capital Plan Monitoring Report as at 31 January 2017, Treasury Monitoring Report as at 31 January 2017, and Reserves and Balances.

Decision

The Committee –

1.    Noted the Revenue Budget Monitoring report as at 31 January 2017 which incorporates the impact, of the motion agreed at the Council meeting on 23 February 2017, on the 2016/17 outturn.

2.    Noted the progress of the Service Choices Policy Saving Options as at the end of January 2017.

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

4.    Noted the Capital Plan Monitoring Report as at 31 January 2017 and noted the over project changes, the project slippages and accelerations, and the updated capital plan reflecting these changes.

5.    Noted the Treasury Monitoring Report as at 31 January 2017.

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 6 March 2017, submitted)