TheCabinet Member for Finance and Housing submitted a report which informed Cabinet of the financial position of the Council for the period April 2017 to December 2017 and projects the estimated outturn at the end of 2017/18. The Report also includes Prudential Indicators in accordance with CIPFAs Code of Practice.
Delegated decision:
That the financial position of the Council as at 31 December 2017 be noted.
Reasons for the decision:
Budget Monitoring falls within the appropriate statutory duties and powers and is a requirement of the Council’s Financial Regulations.
Other option considered and rejected:
To reject the recommendations.