Decision details

RESOLVED that Cabinet:

A     Acknowledged the projected outturn position set out in sections three and four of Appendix A to this report for the period April – December 2017/18 as follows:

             i)        A favourable variation on controllable budgets of £333,000 representing -0.55 percent of the gross General Fund Budget.

            ii)        A total projected underspend of £941,000 representing -1.56 per cent of the gross General Fund Budget.

           iii)        The Council performed on target or above target for 50 out of 51 (98 percent) of performance indicators.

B    Approved:

             i)        The transfer of £300,000 to the Planning LDF Reserve to support the ongoing delivery of the Local Plan.

            ii)        The transfer of £160,000 to the Harlow and Gilston Garden Town Funding Reserve for a contribution towards the Harlow and Gilston Garden Town project and other developments in and around Harlow.