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Decision details

Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to July 2015

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report presents the first monitoring information for the Authority as a whole for the financial year 2015/16 to the end of July 2015.  The report also includes a number of budget transfer requests for both revenue and capital.

Decision:

RESOLVED (unanimously) that:

 

1)  Strategic Directors should continue to work towards managing within budget in the current year for their respective service areas, and to manage below budget where possible by not committing unnecessary expenditure, through tight budgetary control.

2)  This year’s revenue budget position is noted.

3)  The capital expenditure position for the Council in the financial year to the end of July and the year-end projections are noted.

4)  The revenue virements listed for approval are agreed.

5)  The changes in the capital programme are noted.

Reasons for the decision:

The report is presented as part of the reporting of financial management and budgetary control required by the Council.

Alternative options considered:

None.

Report author: Jamie Whittard

Publication date: 10/09/2015

Date of decision: 09/09/2015

Decided at meeting: 09/09/2015 - Cabinet

Effective from: 18/09/2015

Accompanying Documents: