Decision details
Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to July 2017
Decision Maker: Cabinet
Decision status: Approved
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
Effective from: 19/10/2017
Accompanying Documents:
- Decision E2977 PDF 120 KB
- E2977 Report - Final PDF 108 KB
- E2977z Appendix 1 PDF 68 KB
- E2977z Appendix 2 - Revenue Monitoring Summary PDF 41 KB
- E2977z Appendix 3 - Capital Monitoring Summary PDF 41 KB
- E2977z Appendix 4(i) - Revenue Virements PDF 34 KB
- E2977z Appendix 4(ii) - Revenue Cash Limits PDF 23 KB
- E2977z Appendix 5(i) Capital Virements 201718-202122 PDF 31 KB
- E2977z Appendix 5(ii) Capital Programme by Portfolio 201718 PDF 47 KB