Issue - decisions

Advice of the Advisory Panel

That the Executive Member be advised to:

(i)                 Note the current financial situation

(ii)               Note performance, achievements and comments

(iii)             Approve the accounting approach of using revenue reserves for dealing with the Property Trading account to be approved by the Executive

(iv)              Approve the adjustments to the capital programme subject to approval by the Executive.

Decision of the Executive Member

RESOLVED:             That the advice of the Advisory Panel be accepted and endorsed.

REASON:                  In accordance with budgetary and performance monitoring procedures.