The Deputy Leader and Cabinet Member for Finance and Housing submitted a report informing Members of the Council’s financial position for the period April 2015 to June 2015 and provided a projection of the estimated outturn at the end of 2015/2016.
The report also provided Prudential Indicators in accordance with CIPFA’s Prudential Code.
Delegated decisions:
1. That the financial position of the Council as at 30 June 2015 be noted.
2. That approval be given to the s151 Officer’s assessment of the minimum level of balances.
Reason for the decision:
The report has been prepared in accordance with the Council’s Financial Regulations relating to budget monitoring.
Other option considered and rejected:
To reject the recommendations.