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Decision details

Revenue and Capital Budget Monitoring, Cash Limits and Virements - April 2011 to September 2011

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 2011/12 to the end of September 2011. The report also includes a number of budget transfer requests for both revenue and capital that require Cabinet agreement or are reported for information purposes as prescribed by the Budget Management Scheme.

Decision:

(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 as shown in the report;

(3) To NOTE the capital expenditure position in the financial year to the end of September and the year-end projections detailed in the report;

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

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

Reasons for the decision:

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

Alternative options considered:

None

Report author: Tim Richens

Publication date: 10/11/2011

Date of decision: 09/11/2011

Decided at meeting: 09/11/2011 - Cabinet

Effective from: 18/11/2011

Accompanying Documents: