Agenda item

This report presents the third monitoring information for the Authority as a whole for the financial year 2012/13 to the end of December 2012. 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

Councillor David Bellotti explained that the report demonstrated how the Council ran its affairs.  He observed that Directors had made good progress in keeping within budget.  The report also showed progress on the capital program.

Councillor Paul Crossley seconded the proposal and welcomed the report.  He drew particular attention to the capital expenditure allocated for St Gregory’s and St Mark’s Joint VI Form, and for Ralph Allen.

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

RESOLVED (unanimously)

(1) To NOTE the projected outturn position for 2012/13 and accompanying information provided in the report;

(2) To ASK the 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;

(3) To NOTE the capital expenditure position for the Council in the financial year to the end of December and the year end projections detailed in the report;

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

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