Decision details

Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to July 2017

Decision Maker: Cabinet

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

This report presents the first monitoring information for the Authority as a whole for the financial year 2017/18 to the end of August 2017.  The report also includes a number of budget transfer requests for both revenue and capital.

Decision:

RESOLVED (unanimously) that the Cabinet agreed to:

 

1)  Strategic Directors should continue to work towards managing within budget in the current year for their respective service areas and develop an action plan of how this will be achieved, including not committing any unnecessary expenditure and stringent budgetary control.

2)  This year’s revenue budget position as shown in Appendix 2 is noted.

3)  The actions agreed by Strategic Directors in paragraph 5.4 are noted.

4)  The mitigations that will be required paragraph 5.5, if the overspend cannot be reduced by the end of the financial year, are noted.

5)  The capital expenditure position for the Council in the financial year to the end of August and the year end projections detailed in Appendix 3 of this report are noted.

6)  The revenue virements listed for approval in Appendix 4(i) are agreed.

7)  The changes in the capital programme listed in Appendix 5(i) are noted.

 

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: Jamie Whittard

Publication date: 11/10/2017

Date of decision: 11/10/2017

Decided at meeting: 11/10/2017 - Cabinet

Date comes into force if not called in: 19/10/2017

Call-in deadline date: 18/10/2017

Current call-in Count: 0

Accompanying Documents: