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Decision details

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

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report presents the third monitoring information for the Authority as a whole for the financial year 2011/12 to the end of December 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 with Portfolio Holders towards managing within budgets 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 this year’s revenue budget position as shown in the report;

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

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

(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: 09/02/2012

Date of decision: 08/02/2012

Decided at meeting: 08/02/2012 - Cabinet

Effective from: 17/02/2012

Accompanying Documents: