Decision details

10.1

The Interim Executive Director, Resources submitted a report providing the Outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2015/16.

10.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by this report on the 2015/16 Revenue Budget Outturn;

(b)

approves the carry forward request detailed in paragraph 9 of the report;

(c)

approves a further £50k from the New Homes Bonus fund to support the development of the regeneration of Attercliffe through the development of the Olympic Legacy Park as detailed in paragraph 13 of the report;

(d)

approves the use of Public Health reserves to fund a number of projects as detailed in paragraph 8 of Appendix 2 of the report;

(e)

approves the spend request as shown in paragraph 19 of Appendix 1 of the report;

(f)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme listed in Appendix 7.1, including the procurement strategies and delegate to the Interim Director of Finance and Commercial Services, or her nominated officer, the authority to award the relevant contracts following stage approval by the Capital Programme Group;

(ii)

approves the proposed variations, deletions and slippage in Appendix 7.1; and

(iii)

notes the latest position on the Capital Programme.

10.3

Reasons for Decision

10.3.1

To record formally 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.

10.4

Alternatives Considered and Rejected

10.4.1

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.

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, Interim Executive Director, Resources

10.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee