To consider a report of the Executive Member for Finance and Investment and Corporate Director of Finance and Systems.

The Executive Member for Finance and Investment and the Corporate Director of Finance and Systems submitted a report which informed Members of the current 2019/20 forecast outturn figures relating to both Revenue and Capital budgets. It also summarised the latest forecast position for Council Tax and Business Rates within the Collection Fund. Members’ attention was drawn in particular to a number of key areas of pressure on the revenue budget, and variances in the capital programme arising from the re-phasing of a number of significant projects.

RESOLVED – That the report be noted, including the changes to the Capital Programme as detailed in paragraph 16 and the capitalisation of interest costs on the Brown St., Hale redevelopment scheme as detailed in Paragraph 24.