The Leader introduced the report which set out the revenue and capital projected outturn position for 2019/20 as at the end of December 2019.  He drew attention to the predicted underspend and capital expenditure.

A Member said that in the current difficult times, the financial situation was changing daily.

Resolved:

(1)  That the the projected revenue underspend on services of £33,000 (Table 1 refers) be noted.

(2) That the capital expenditure of £14,918,000 to end of December 2019 (Paragraph 3.19 and Appendix I Table 2 refers) be noted.

(3)  That the capital variance and its funding as detailed in paragraph 3.21 and Appendix I Table 2 be approved.