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Decision details

Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to July 2018

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 2018/19 to the end of July 2018.  The report also includes a number of budget transfer requests for both revenue and capital.

Decision:

RESOLVED (unanimously) that the Cabinet agreed:

 

1)  To note the 2018/19 forecast over budget of £2.6m (as at the end of July 2018) and the recovery plan actions outlined in Appendix 1;

2)  To note the mitigations that will be required shown in paragraph 5.6, if the over budget position cannot be reduced by the end of the financial year

3)  To note the capital year end forecast detailed in paragraph 5.16 of this report;

4)  To note the revenue virements listed for information  in Appendix 3(i);

5)  To note the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 4(i)

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: 06/09/2018

Date of decision: 05/09/2018

Decided at meeting: 05/09/2018 - Cabinet

Effective from: 14/09/2018

Accompanying Documents: