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Decision details

Revenue Budget and Capital Programme Monitoring 2019/20 - as at 30/09/2019

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides the Month 6 monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2019/20

Decision:

11.1

The Executive Director, Resources, submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget 2019/20, as at the end of Month 6.

 

 

11.2

RESOLVED: That Cabinet:-

 

 

 

(a)

notes the updated information and management actions provided by the report and the attached appendices on the 2019/20 Revenue Budget Outturn;

 

 

 

(b)

in relation to the Capital Programme, notes the forecast Outturn position described in Appendix 2 of the report;

 

 

 

(c)

notes the review of the Treasury Management Strategy and prudential indicators in Appendix 4 of the report; and

 

 

 

(d)

approves the requests in the Sheffield City Trust section of this report relating to operational subsidy funding and additional grant financing to support capital maintenance and approves the request for approval of funding for the Council’s own additional costs for developing a long term leisure strategy.

 

 

11.3

Reasons for Decision

 

 

To record formally changes to the Revenue Budget and the Capital Programme.

 

 

11.4

Alternatives Considered and Rejected

 

 

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.

 

 

11.5

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

11.6

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None

 

 

11.7

Respective Director Responsible for Implementation

 

 

 

Eugene Walker, Executive Director, Resources.

 

 

11.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

Overview and Scrutiny Management Committee.

 

Report author: David Phillips

Publication date: 27/11/2019

Date of decision: 20/11/2019

Decided at meeting: 20/11/2019 - Cabinet

Effective from: 04/12/2019

Accompanying Documents: