Decision details

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

Decision Maker: Cabinet

Decision status: Recommendations 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 2017/18 to the end of December 2017.  The report also includes a number of budget transfer requests for both revenue and capital.

Decision:

RESOLVED (unanimously) the Cabinet agreed that:

 

2.1  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.

 

2.2  This year’s revenue budget position as shown in paragraph 5.3 is noted.

 

2.3  The mitigations that will be required shown in paragraph 5.8, if the over budget position cannot be reduced by the end of the financial year, are noted.

 

2.4  The capital year end forecast detailed in paragraph 5.18 of this report, is noted.

 

2.5  The revenue virements listed for approval in Appendix 2(i) are agreed, and those listed for information are noted.

 

2.6  The changes in the capital programme listed in Appendix 3(i) are noted.

 

2.7  That £75,000 of provisionally approved capital budget for Cleveland Pools in 2017/18 is fully approved.

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: 07/02/2018

Date of decision: 07/02/2018

Decided at meeting: 07/02/2018 - Cabinet

Effective from: 15/02/2018

Accompanying Documents: