Meeting documents

1 THE ISSUE

1.1 The report presents the opening revenue and capital budget cash limits for 2006/07, and includes a number of budget transfer requests that require Council Executive agreement or are reported for information purposes as required by the Budget Management Scheme.

2 RECOMMENDATION

2.1 Approve the virements listed in Appendix 1 and note the changes in the capital programme listed in Appendix 3.

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 2006/07 were agreed by Council on 21^st February 2006. The revenue cash limits for each service and portfolio, including the allocation of inflation are set out in Appendix 2. The capital cash limits are set out in Appendix 4.

4.2 Budget transfers requiring Council Executive approval are listed in Appendix 1 together with an explanation of why the transfer is necessary.

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

4.4 Changes to the capital programme are listed in Appendix 3, Appendix 4 provides the updated capital programme allocated by portfolio.

4.5 The detail of 2006/07 budgets are being finalised in Service & Resource Plans which will be published on the weekly list for Executive Member decision during April.

5 RISK MANAGEMENT

5.1 A risk assessment related to the issue and recommendations has been undertaken, in compliance with the Council's decision making risk management guidance.

6 RATIONALE

6.1 The 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 Consultation has been carried out with the Executive Councillor for Resources, Other B&NES Services, Section 151 Finance Officer, Chief Executive and Monitoring Officer.