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: For Determination
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: Director of Finance
Contact: Andrew Humble Email: andrew_humble@middlesbrough.gov.uk.