Decision - Targeted Budget Management (TBM) 2018/19: Month 9

129.1      RESOLVED:

(1)       That the forecast risk position for the General Fund which indicates a budget pressure of £0.381m as at month 9 be noted. (This includes an overspend of £1.100m on the council’s share of the NHS managed Section 75 services);

(2)       That, based on downward forecast trends since month 4, the position to be assumed for the purposes of setting the 2019/20 General Fund revenue budget is break-even, indicating a further predicted improvement of £0.381m by year end be noted;

(3)       That the 2018/19 one-off financial risk safety net of £1.500m can therefore be released and will be available in full to support the 2019/20 General Fund revenue budget be noted;

(4)       That the forecast for the Housing Revenue Account (HRA), which is currently an underspend of £0.900m be noted;

(5)       That the forecast position for the Dedicated Schools Grant, which is an underspend of £0.865m be noted;

(6)       That the forecast outturn position on the capital programme and approve the variations and slippage in Appendix 6 and the new schemes as set out in Appendix 7 to the report be noted; and

(7)       That the advice regarding the council’s ability to accept payments in Euros as set out in Section 6 of the report be noted.