14 Quarter 3 financial performance report 2017/18 PDF 1 MB
Officers: Richard Simpson and
Lisa Taylor
Key decision: No
Decision:
The Leader of the Council has
delegated to the Cabinet the power to make the decisions set out
below
RESOLVED
- Note the current revenue outturn forecast at the end of the
third quarter of 2017/18 of £0.369m underspend, this is
before exceptional items of £6.23m, resulting in a total
overspend of £5.861m;
- Note the £4.7m collection fund surplus released on
the 1st April 2018 which can offsetthe overspend.
This would leave a net drawdown on general fund balances
of£1.161m.
- Note the ongoing engagement with and lobbying of Government by
the Council foradditional funding for
Croydon, both in general terms and specifically Unaccompanied Asylum Seeking Children given
Croydon’s gateway status, fire safety
measures andmitigation of the impact of the
Universal Credit implementation, notably Croydon’spilot status.
- Note the HRA position of a £0.274m forecast
underspend against budget;
- Note the capital outturn projection of £61.9m
forecast underspend against budget;
- Approve the changes to the capital programme to include new
schemes of £2.1m, set out in
Table 5, Section 7.2
- Endorse the approval of the 2018/19 Discretionary Business Rates
Relief Scheme, asdiscussed in paragraphs 8.5
to 8.10 and set out in full in Appendix 3 of the
report.
Minutes:
The Leader of the Council has
delegated to the Cabinet the power to make the decisions set out
below
RESOLVED
- Note the current revenue outturn forecast at the end of the
third quarter of 2017/18 of £0.369m underspend, this is
before exceptional items of £6.23m, resulting in a total
overspend of £5.861m;
- Note the £4.7m collection fund surplus released on
the 1st April 2018 which can offsetthe overspend.
This would leave a net drawdown on general fund balances
of£1.161m.
- Note the ongoing engagement with and lobbying of Government by
the Council foradditional funding for
Croydon, both in general terms and specifically Unaccompanied Asylum Seeking Children given
Croydon’s gateway status, fire safety
measures andmitigation of the impact of the
Universal Credit implementation, notably Croydon’spilot status.
- Note the HRA position of a £0.274m forecast
underspend against budget;
- Note the capital outturn projection of £61.9m
forecast underspend against budget;
- Approve the changes to the capital programme to include new
schemes of £2.1m, set out in
Table 5, Section 7.2
- Endorse the approval of the 2018/19 Discretionary Business Rates
Relief Scheme, asdiscussed in paragraphs 8.5
to 8.10 and set out in full in Appendix 3 of the
report.