Cabinet Member for Finance and Performance

Cabinet considered the report of the Chief Financial Officer and the above Cabinet Member, which showed the revenue and capital projected outturn activity for 2018/19 as at the end of September 2018.  The report was based on service activity up to the end of September 2018 and was collated from monitoring returns from budget managers.  The total forecast revenue underspend was £227,000 and the capital expenditure was £7,476,954.

The Cabinet Member for Finance and Performance gave an overview of the report and proposed the recommendations.

Resolved:

(1)       That the projected revenue underspend on services of £227,000, Table 1 of the report, be noted.

(2)       That the capital expenditure of £7.477million to end of September 2018, (Paragraph 3.14 and Table 4 Appendix I of the report), be noted.

(3)       That the Council will use the remaining balance in the Business Rate Pilot Shared Fund to contribute to the M2 Junction 5 improvements be noted.