Home » Councillors and How the Council Works > Agenda item

Agenda item

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

This report presents the first monitoring information for the Authority as a whole for the financial year 2011/12 to the end of July 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

Minutes:

Councillor David Bellotti, in proposing the item, observed that in clause (1) of the proposals, Strategic Directors would be asked to keep within their budgets, and below budget where possible.  He referred to paragraph 4.1 of Appendix 1, and corrected the statement by saying that there was now evidence that the New Homes Bonus Grant was being used.

He asked that the wording in paragraph 1.13 of the appendix, referring to Keynsham Regeneration, should be amended from “the scheme” to “a scheme”.

Councillor Paul Crossley seconded the proposal.

Rationale

The report is presented as part of the reporting of financial management and budgetary control required by the Council.

Other Options Considered

None.

On a motion from Councillor David Bellotti, seconded by Councillor Paul Crossley, it was

RESOLVED (unanimously)

(1) To ASK Strategic Directors to continue to work towards managing within budget 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 January and the year end projections detailed in the report;

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

(5) To NOTE the changes in the capital programme listed in the report.

Supporting documents: