Decision details

11.1

The Executive Director, Resources submitted a report providing the month 8 monitoring statement on the City Council’s Revenue and Capital Budget for 2013/14.

11.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by the report on the 2013/14 Revenue Budget position;

(b)

in relation to the Capital Programme, approves:-

(i)

the proposed additions to the capital programme listed in Appendix 1 of the report, 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)

the proposed variations and slippage as detailed in Appendix 1 of the report; and notes

(iii)

the variations listed in Appendix 1 of the report with the delegated authority of EMT and Directors; and

(iv)

the latest position on the Capital Programme including the current level of delivery; and

(v)

delegates authority to the Cabinet Member for Finance, the authority to vary approved amounts for projects until 31^st May 2014.

11.3

Reasons for Decision

11.3.1

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.

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