Agenda item

This report presents the financial monitoring information for the Authority as a whole for the financial year 2014/15 to the end of July 2014

Councillor David Bellotti introduced the item by observing that for the previous 3 years, the Council had ended the year within its budget and he anticipated the current year would be no exception.  He referred to paragraph 2 of Appendix 1, which showed the list of capital projects being delivered by the Cabinet’s ambitious programme.  He moved the proposals.

Councillor Paul Crossley seconded the proposal and noted that the current level of overspend was only 0.5% which would be rectified by the end of the financial year.  He observed that some of the current overspends were demand-led and so very difficult to control.  He reminded Cabinet that investments had been made across the whole of the council’s area.

On a motion from Councillor David Bellotti, seconded by Councillor Paul Crossley, it was

RESOLVED (unanimously)

(1) To ASK Strategic Directors to 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) To NOTE the revenue budget position;

(3) To NOTE the capital expenditure position for the Council in the financial year to the end of July and the year end projections;

(4) To AGREE the revenue virements listed for approval; and

(5) To NOTE the changes in the capital programme.