Decision details

Decision maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

a)    that the forecasted variances against revised budgets for the General Fund (underspend of £662,000) and Housing Revenue Account (underspend of £188,000), be noted.

 

b)    that it be noted that the planned use of £317,000 of Returned Business Rates from the Nottinghamshire Pool and £59,000 Business Rates Returned Levy from Central Government are being used to support the 2019/20 General Fund Budget.

 

c)    that it be noted that the 2018/19 Revenue Outturn position may further improve dependent upon the timing of Capital Receipts and their use in accordance with the Capital receipts Flexibility Strategy approved by Council in October 2018. 

 

d)    that it be noted that the significant forecast under-spend in the Legal and Governance Directorate includes the financial impact of the Alliance Healthcare court case being settled.

 

REASON FOR DECISIONS

 

To report to those charged with Governance the financial position to January 2019 and comply with the Council’s Financial Regulations.

 

ALTERNATIVE OPTIONS CONSIDERED AND REASONS FOR REJECTION

 

There were no alternative options identified.

Report author: Peter Hudson

Publication date: 12/03/2019

Date of decision: 11/03/2019

Decided at meeting: 11/03/2019 - Cabinet

Effective from: 20/03/2019

Accompanying Documents: