Agenda item

Budget Monitoring Report 2019/20 - Period 4

Summary:

 

 

 

Options considered:

This report summarises the budget monitoring position for the revenue account and capital programme to the end of July 2019.

 

Not applicable.

 

Conclusions:

 

The overall position at the end of July 2019 shows an £612,936 underspend for the current financial year on the revenue account, this is currently expected to deliver a full year overspend of £141,156.

 

Recommendations:

 

 

 

 

 

 

 

 

 

Reasons for

Recommendations:

It is recommended that:

 

1)    Cabinet note the contents of the report and the current budget monitoring position;

2)    Full Council agree to release £468,954 from capital receipts to fund the ongoing maintenance works to Cromer Pier following receipt of the storm surge insurance payment.

 

 

To update Members on the current budget monitoring position for the Council.

 

LIST OF BACKGROUND PAPERS AS REQUIRED BY LAW

(Papers relied on to write the report and which do not contain exempt information)

 

System budget monitoring reports

 

Cabinet Member(s)

Cllr Eric Seward

Ward(s) affected

Contact Officer, telephone number and email:

Duncan Ellis, 01263 516330, Duncan.ellis@north-norfolk.gov.uk

 

Decision:

RESOLVED to:

 

 

Note the contents of the report and the current budget monitoring position;

 

To recommend to Council to:

 

Full Council agree to release £468,954 from capital receipts to fund the ongoing maintenance works to Cromer Pier following receipt of the storm surge insurance payment.

 

Reason for the Decision:

 

To update Members on the current budget monitoring position for the Council.

Supporting documents: