The report discharged the responsibilities of the Executive to manage and control the revenue budget, capital programme and overall balance sheet position of the Council.
The Council’s Scheme of Delegation gave Executive collective responsibility for corporate strategic performance and financial management, monitoring and control. Standing Orders and Financial Procedures required Executive’s approval for major virements between revenue budgets, and in-year changes to the Council’s Capital Programme within approved Council resources within the approved policy framework.
The report enabled Executive to discharge its financial management responsibilities by setting out the Council’s position at Quarter three.
Decision type: Key
Reason Key: Affects 2 or more wards;
Decision status: Recommendations Approved
Notice of proposed decision first published: 03/01/2025
Anticipated restriction: Public -
Decision due: 5 Feb 2025 by Executive
Lead member: 7) Executive Member for Finance
Lead director: Corporate Director of Finance
Contact: Andrew Humble, Director - Finance and Transformation Email: andrew_humble@middlesbrough.gov.uk.