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Agenda item

Revenue Budget and Capital Programme Monitoring 2017/18 Month 12 as at 31/3/18

Report of the Executive Director, Resources.

Decision:

11.1

The Executive Director, Resources submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2017/18.

 

 

11.2

RESOLVED: That Cabinet:-  

 

 

 

(a)

notes the updated information and management actions provided by this

report and attached appendices on the 2017/18 Revenue Budget

Outturn;          

 

 

 

 

(b)

notes the recommendation of the Executive Director, Resources and

Statutory Finance Officer, at Paragraph 12 of the report, that the General Fund reserve is returned to the minimum recommended level of £12.6m (approximately 3% of net revenue expenditure) during 2018/19;

 

 

 

 

(c)

approves the request for project funding, and associated recommendations, described in Appendix 7 of the report; and

 

 

 

 

(d)

in relation to the Capital Programme, notes the Outturn position described in Appendix 8 of the report.

 

 

 

11.3

Reasons for Decision

 

 

11.3.1

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

 

 

11.4

Alternatives Considered and Rejected

 

 

11.4.1

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

 

 

 

Minutes:

11.1

The Executive Director, Resources submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2017/18.

 

 

11.2

RESOLVED: That Cabinet:-  

 

 

 

(a)

notes the updated information and management actions provided by this

report and attached appendices on the 2017/18 Revenue Budget

Outturn;          

 

 

 

 

(b)

notes the recommendation of the Executive Director, Resources and

Statutory Finance Officer, at Paragraph 12 of the report, that the General Fund Reserve is returned to the minimum recommended level of £12.6m (approximately 3% of net revenue expenditure) during 2018/19;

 

 

 

 

(c)

approves the request for project funding, and associated recommendations, described in Appendix 7 of the report; and

 

 

 

 

(d)

in relation to the Capital Programme, notes the Outturn position described in Appendix 8 of the report.

 

 

 

11.3

Reasons for Decision

 

 

11.3.1

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

 

 

11.4

Alternatives Considered and Rejected

 

 

11.4.1

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.

 

 

 

Supporting documents: