Decision details

Revenue and Capital Year End Position 2014/15

Decision Maker: Co-operative Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Purpose:

The report provides the Year End position on the City Council’s Revenue Budget and Capital Programme for 2014/15.

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 2014/15.

 

 

11.2

Councillor Jackie Drayton, Cabinet Member for Children, Young People and Families commented that the second paragraph in relation to the section on Dobcroft Infants – 1 Year Expansion in Appendix 8.1 of the report was incorrect and should be removed.

 

 

11.3

Councillor Isobel Bowler, Cabinet Member for Neighbourhoods, requested that the title of the M1 Gateway section in Appendix 8.1 of the report be amended to ‘Tinsley Art Project’.

 

 

11.4

RESOLVED: That Cabinet, subject to the above amendments:-

 

 

 

(a)

notes the updated information and management actions provided by the report on the 2014/15 Revenue Budget Outturn;

 

 

 

 

(b)

approves requests in respect of Access to Grants and Portfolio Carry Forwards as shown in Appendix 1.1 and Appendix 1.2 respectively;

 

 

 

 

(c)

approves £600k of the 2014/15 underspend to be carried forward into 2015/16 in order to be used on a number of priority projects and notes that the Leader will decide specifically how the amount carried forward will be allocated, in consultation with Cabinet colleagues;

 

 

 

 

(d)

approves the project to replace the Finance and eProcurement System, as detailed in Appendix 7 of the report;

 

 

 

 

(e)

in relation to the Capital Programme:-

 

 

 

 

 

(i)

approves the proposed additions to the Capital Programme listed in Appendix 8.1 of the report with the exception of the Public Art allocation of the Grey to Green scheme which is not approved, including the procurement strategies and delegations of authority to the Director of Commercial Services or nominated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

 

 

 

 

 

(ii)

requests a report back to a future meeting on the Public Art allocation of the Grey to Green scheme;

 

 

 

 

 

 

(iii)

approves the proposed variations and slippage as detailed in Appendix 8.1 of the report;

 

 

 

 

 

(iv)

delegates authority to the Director of Finance and the Director of Legal and Governance to finalise, and, if satisfactory, accept, the conditions of the grant listed in Appendix 8.2 of the report; and

 

 

 

 

 

 

(v)

delegates authority to the Director of Finance, in consultation with the Cabinet Member for Finance and Resources, to finalise the approved budget amounts to be slipped forward into 2015/16;

 

 

 

 

 

 

(vi)

notes the outturn position on the Capital Programme; and notes

 

 

 

 

 

(vii)

the emergency approvals taken under delegated authority, as set out in Appendix 8 of the report

 

 

 

 

11.5

Reasons for Decision

 

 

11.5.1

To formally record changes to the Revenue Budget and the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information.

 

 

11.6

Alternatives Considered and Rejected

 

 

11.6.1

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 Capital Programme.

 

 

11.7

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

11.8

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None

 

 

11.9

Respective Director Responsible for Implementation

 

 

 

Eugene Walker, Interim Executive Director, Resources

 

 

11.10

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

Overview and Scrutiny Management Committee

 

Report author: Mike Thomas

Publication date: 29/05/2015

Date of decision: 27/05/2015

Decided at meeting: 27/05/2015 - Co-operative Executive

Effective from: 05/06/2015

Accompanying Documents: