The Deputy Leader of the Council and Cabinet Member (Member for Finance for Finance and Housing) submitted a report to inform Cabinet of the Council’s financial position for the period April 2016 to June 2016. The report also provided a projection on the estimated outturn at the end of 2016/2017.
Prudential Indicators were included in the report in accordance with the CIPFA Prudential Code.
Delegated decision:
That the financial position of the Council as at 30 June 2016 be noted.
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 recommendation.