Issue - meetings

To consider the report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer as circulated and contained on pages 653 – 657 of the Book of Reports that summarised the projected revenue position on the General Revenue Account (GRA) at the mid year point of the 2018/2019 financial year.  The report had previously been considered by Cabinet at its meeting on 6 November 2018 and was scheduled to be considered by Council at its meeting on 12 December 2018.

The Borough Treasurer attended the meeting and provided an overview of the report referring to details as set down in the report and appendices.

RESOLVED:   That the financial position of the General Revenue Account (GRA) be noted including the position on reserves and balances.

(Relevant Portfolio Holder: Councillor A Yates)

Councillor Yates introduced the report of the Borough Treasurer which provided a summary of the projected revenue position on the General Revenue Account (GRA) at the mid-year point of the 2018/19 financial year.

A motion from Councillor Yates was circulated at the meeting.

In reaching the decision below, Cabinet considered the motion from Councillor Yates and the details as set out in the report before it and accepted the reasons contained therein.

RESOLVED A.      That the financial position of the GRA be noted including the position on reserves and balances

                        B.      That a one off grant of £15,000 be provided to Junk Food Café in light of a favourable budget variance which provides an opportunity to support the delivery of the Council’s Corporate Objectives.

                        C.     That call-in is not appropriate for this item as the report is being submitted to the next meeting of the Executive Overview and Scrutiny Committee on 22 November 2018.