Decision details

14.1

The Executive Director, Resources submitted a report providing the Month 10 monitoring statement on the City Council’s Revenue Budget and Capital Programme for January.

14.2

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 of 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 in Appendix 1;

(iii)

notes the variations to the programme executed under delegated authorities or emergency approval, and notes the latest position on the Capital Programme including the current level of delivery and forecasting performance; and

(iv)

approves the acceptance of grants listed in Appendix 2 to the report, and, in doing so, approves the Council assuming the role of Accountable Body for those grants, noting the conditions of the grants.

14.3

Reasons for Decision

14.3.1

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.

14.4

Alternatives Considered and Rejected

14.4.1

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 Capital Programme.

14.5

Any Interest Declared or Dispensation Granted

None

14.6

Reason for Exemption if Public/Press Excluded During Consideration

None

14.7

Respective Director Responsible for Implementation

Eugene Walker, Executive Director, Resources

14.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee