Decision details
Revenue Budget and Capital Programme Monitoring 2013/14 (Month 5) as at 31/8/13
Decision Maker: Co-operative Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Decision:
10.1 |
The Executive Director, Resources submitted a report providing the month 5 monitoring statement on the City Council’s Revenue and Capital Budget for 2013/14. |
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10.2 |
RESOLVED: That Cabinet:- |
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(a) |
notes the updated information and management actions provided by the report on the 2013/14 budget position; |
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(b) |
in relation to the Capital Programme:- |
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(i) |
approves the proposed variations and slippage in Appendix 1 including the procurement strategies and delegations of authority to the Director of Commercial Services or his nominated officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group; |
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(ii) |
approves the acceptance of the grants in Appendix 2 of the report and notes the conditions and obligations attached to them; |
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(iii) |
notes the latest position on the Capital Programme including the current level of delivery and forecasting performance; and |
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(iv) |
notes the variations to approved project spend exercised by EMT and the appropriate Cabinet Member under delegated powers. |
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10.3 |
Reasons for Decision |
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10.3.1 |
To formally record changes to the Revenue Budget and Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information. |
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10.4 |
Alternatives Considered and Rejected |
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10.4.1 |
A number of alternative courses of action were considered as part of the process undertaken by Officers before decisions were recommended to Members. The recommendations made to Members represented what Officers believed 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 was put within the Revenue Budget and the Capital Programme. |
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10.5 |
Any Interest Declared or Dispensation Granted |
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None |
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10.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
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None |
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10.7 |
Respective Director Responsible for Implementation |
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Laraine Manley, Executive Director, Resources |
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10.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
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Economic and Environmental Wellbeing |
Report author: Allan Rainford
Publication date: 22/11/2013
Date of decision: 20/11/2013
Decided at meeting: 20/11/2013 - Co-operative Executive
Effective from: 29/11/2013
Accompanying Documents: