RESOLVED that:-
(a) the allocation of £493K in capital funding towards an early priority of the BCP Council as set out in section 10 of the report be approved;
(b) an update from the Corporate Director for Children’s Services on the progress in delivering a sustainable solution to the High Needs element of the Dedicated Schools Grant be requested. This update to be included as a separate appendix to the 2019/20 First Quarter’s Budget Monitoring Report.
(c) the opening reserve position of BCP Council as set out in Appendix D be noted; and
(d) the year-end outturn positions achieved including revenue, capital, reserves and Housing Revenue Accounts be noted.
Voting: Unanimous
REASONS
1. To comply with accounting codes of practice and best practice which requires Councils to report their end of financial year position compared to budget of the authority.
2. To facilitate the implementation of a strong and active culture of financial management within the BCP Council by identifying when prompt management action is needed to avoid an adverse impact on future service delivery of the achievement of future corporate objectives.