Decision details

Purpose of Report: To provide members with an update on the 2014/15 finance information

Members are asked to note the issues.

The Q1 Finance and Performance Monitor has been split to provide a separate Q1 York Monitor report

Resolved:  That Cabinet agree to:

(i)           Note the current financial position of the Council, as set out in the report;

(ii)          Allocate £600k of contingency to meet pressures in Health & Wellbeing, as set out at paragraph 23 of the report;

(iii)        Invest £40k in the municipal bonds agency, as set out at paragraphs 31 and 32 of the report;

(iv)        The virement of internal payments made between Health & Wellbeing and CANS as set out at paragraph 15 of the report;

(v)         Donate £10k of the strike savings to support the work of food banks and the remaining saving to Health & Wellbeing, as set out at paragraph 29 of the report;

(vi)        A travellers rent increase, as set out in paragraphs16 to 18 of the report.

Reason:     To ensure expenditure is kept within the approved budget.