Decision details

11.1

The Executive Director, Resources submitted a report providing the month 9 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 this report on the 2013/14 Revenue budget position;

(b)

In relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme  and procurement strategies listed in Appendix 1 to the report, and delegates authority to the Director of Commercial Services, or an officer nominated by him, to award the necessary contracts, on such terms as the Director or nominated officer shall agree, following stage approval by the Capital Programme Group;

(ii)

approves the proposed variations and slippage outlined in Appendix 1 to the report;

(iii)

approves a grant of £125,000 to Site Gallery (Media, Art, Photography) Ltd for the purposes described Appendix 1 and delegates authority to the Director of Culture and Environment, in consultation with the Director of Finance, and the Director of Legal and Governance, the authority to enter into:-

·         a funding agreement; and

·         such other contractual or other arrangements as he may consider appropriate;

·         on such terms as he shall consider appropriate in order to protect the Council’s interests in this matter; and notes

(iv)

the latest position on the Capital Programme including the current level of delivery.

11.3

Reasons for Decision

11.3.1

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.

11.4

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