Decision details
Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to October 2018
Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report presents the second monitoring information for the Authority as a whole for the financial year 2018/19 to the end of October 2018. The report also includes a number of budget transfer requests for both revenue and capital.
Decision:
RESOLVED (unanimously) that the Cabinet agreed:
1) To note the 2018/19 forecast over budget of £4.1m (as at the end of October 2018) and the recovery plan actions outlined in Appendix 1;
2) To note the mitigations that will be required shown in paragraph 5.6, if the over budget position cannot be reduced by the end of the financial year
3) To note the capital year-end forecast detailed in paragraph 5.17 of this report;
4) To approve the revenue virements listed for approval and note the virements listed for information in Appendix 3(i);
5) To note the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 4(i)
6) The capital schemes listed in Annex 4(iii) for removal / deferment from the current 5 year capital programme.
Reasons for the decision:
The financial implications are contained within the body of the report.
Alternative options considered:
None.
Report author: Jamie Whittard
Publication date: 18/12/2018
Date of decision: 18/12/2018
Decided at meeting: 18/12/2018 - Cabinet
Effective from: 28/12/2018
Accompanying Documents:
- Decision E3071 PDF 60 KB
- E3071 Budget Monitoring Cabinet Report - April to October 2018 PDF 309 KB
- Appendix 1 - Revenue Dashboard Apr - Oct 2018.19 PDF 161 KB
- Appendix 2 - Capital Monitor Apr - Oct 2018.19 PDF 45 KB
- Appendix 3(i) PDF 25 KB
- Appendix 3(ii) PDF 22 KB
- Appendix 4(i) PDF 32 KB
- Appendix 4(ii) PDF 244 KB
- Appendix 4(iii) - Programme Review - FINAL PDF 44 KB