Meeting documents

1 THE ISSUE

1.1 The report presents the revenue budget cash limits for 2004/05 and 2005/06 and the capital budget cash limits for 2005/06. It includes a number of budget transfer requests that require Council Executive agreement or are reported for information purposes as prescribed by the Budget Management Scheme.

2 RECOMMENDATION

2.1 the revenue virements listed in Appendices 1 & 3 are approved.

2.2 the increases in the capital budget listed in Appendix 5 are noted for information.

3 FINANCIAL IMPLICATIONS

3.1 The financial implications are contained within the body of the report.

4 THE REPORT

4.1 The revenue and capital budgets for 2005/06 were agreed by Council on 22^nd February 2005.

4.2 Revenue budget transfers requiring Council Executive approval are listed in Appendix 1 (2004/05) and Appendix 3 (2005/06) together with an explanation of why the transfer is necessary.

4.3 Appendix 2 and Appendix 4 indicate the effect upon the revenue service and portfolio cash limits if these proposals are approved.

4.4 Since the capital budget was set, the Council has received notification of additional government supported funding for specific schemes. These are listed in Appendix 5 for information.

4.5 Appendix 6 shows the revised capital cash limits for 2005/06 including these additions.

5 RISK MANAGEMENT

6 RATIONALE

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

7 OTHER OPTIONS CONSIDERED

7.1 None.

8 CONSULTATION

8.1 The Executive Councillor for Resources, Section 151 Finance Officer, Chief Executive, Monitoring Officer, and Finance & Resource Managers were consulted.

9 REASONS FOR URGENCY

9.1 Not urgent.