Issue - meetings

Joint Finance and Performance Report, Quarter 3 2017/18

Meeting: 22/03/2018 - Cabinet (Item 144)

144 Joint Finance and Performance Report, Quarter 3 2017/18 pdf icon PDF 133 KB

Additional documents:

Decision:

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.

Minutes:

Cabinet received a report which set out both the Council’s financial performance, along with its performance against its own performance indicators for the third quarter of 2017/18.

 

Proposed by Councillor Mike Danvers (seconded by Emma Toal) it was:

 

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 per cent 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.