Decision details
Revenue Budget and Capital Programme Monitoring 2017/18 Month 12 as at 31/3/18
Decision Maker: Co-operative Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Purpose:
This report provides the Month 12 monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2017/18.
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. |
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11.2 |
RESOLVED: That Cabinet:- |
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(a) |
notes the updated information and management actions provided by this report and attached appendices on the 2017/18 Revenue Budget Outturn; |
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(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; |
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(c) |
approves the request for project funding, and associated recommendations, described in Appendix 7 of the report; and |
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(d) |
in relation to the Capital Programme, notes the Outturn position described in Appendix 8 of the report. |
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11.3 |
Reasons for Decision |
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11.3.1 |
To formally record changes to the Revenue Budget and the Capital Programme. |
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11.4 |
Alternatives Considered and Rejected |
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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. |
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11.5 |
Any Interest Declared or Dispensation Granted |
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None |
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11.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
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None |
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11.7 |
Respective Director Responsible for Implementation |
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Eugene Walker, Executive Director, Resources |
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11.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
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Overview and Scrutiny Management Committee |
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Report author: Mike Thomas
Publication date: 25/06/2018
Date of decision: 20/06/2018
Decided at meeting: 20/06/2018 - Co-operative Executive
Effective from: 30/06/2018
Accompanying Documents: