Meeting documents

1 THE ISSUE

1.1 The report presents the opening revenue budget cash limits for 2005/06, and 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 virements listed in Appendix 1 are approved.

3  FINANCIAL IMPLICATIONS

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

4 THE REPORT

4.1 The revenue budget for 2005/06 was agreed by Council on 22^nd February 2005. The cash limits for each service and portfolio, including the allocation of inflation are set out in Appendix 2.

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 The detail of 2005/06 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

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 Consultation has been carried out with Executive Councillors, Section 151 Finance Officer, Chief Executive, Monitoring Officer and Finance & Resources Managers.