Decision details

10.1

The Executive Director, Resources submitted a report providing the month 6 monitoring statement on the City Council’s Revenue and Capital Budget for 2014/15.

10.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by the report on the 2014/15 Revenue budget position and approves:-

-       The proposed use of £300-400k of Public Health forecast reduction, as noted in paragraph 68 of the Public Health section of the report

-       The balance of the Public Health underspend be considered in the context of the 2015/16 budget savings on public health

-       The carry-forward of any underspend of the Local Assistance Scheme (LAS) be carried forward to assist with sustaining a LAS scheme in 2015/16, subject to balancing the overall budget;

(b)

in relation to the Capital Programme:

(i) approves the proposed additions to the Capital Programme listed in Appendix 2 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) approves the proposed variations and slippage requests listed in Appendix 2 of the report; and

(c)

notes:-

-       The latest position on the Capital Programme including the current level of delivery and forecasting performance;

-       The four projects listed in Appendix 2 of the report which were due to close and where savings had been achieved and will be returned to the Housing Revenue Account;

-       There was no exercise of delegated emergency approval by the Executive; and

-       The instances where Cabinet Members, EMT or Directors of service exercise their delegated authority to vary approved amounts.

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 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 is put within the Revenue Budget and the Capital Programme.

10.5

Any Interest Declared or Dispensation Granted

None

10.6

Reason for Exemption if Public/Press Excluded During Consideration

None

10.7

Respective Director Responsible for Implementation

Eugene Walker, Executive Director, Resources

10.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny