The Deputy Leader of the Council and Cabinet Member – Finance and Corporate Affairs submitted a report which informed members of the Council’s financial position for the period April to September 2013 and projected the likely outturn at the end of 2013/2014.
The report also included Prudential Indicators in accordance with CIPFA’s Prudential Code.
Delegated decisions:
1. That the Council’s financial position as at 30 September 2013 be noted.
2. That approval be given to the s151 Officer’s assessment of the minimum level of balances.
Reasons for the decision:
The Council has a statutory duty to undertake budget monitoring.
Other option considered and rejected:
To reject the recommendation.