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Decision details

Revenue Budget and Capital Programme Monitoring Month 5 as at 19 October 2016

Decision Maker: Co-operative Executive

Decision status: For Determination

Is Key decision?: Yes

Purpose:

The report provides the Month 5 monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2016/17.

Decision:

11.1

The Acting Executive Director, Resources submitted a report providing the month 5 monitoring statement on the City Council’s 2016/17 Revenue and Capital Budget as at 31st August 2016.

 

 

11.2

RESOLVED: That Cabinet:-

 

 

 

(a)

notes the updated information and management actions provided by this report on the 2016/17 Revenue Budget position;

 

 

 

 

(b)

approves the budget virement proposed by the Communities Portfolio detailed in paragraph 10 of the report;

 

 

 

 

(c)

approves additional funding to support the delivery of the Local Plan detailed at paragraph 39 of the report, subject to delivery of specific milestones, the project will be funded from Reserves and repaid from future efficiencies to be identified by the Director of Development Services as part of the Council’s Business Planning process in the Place Portfolio, the profile of funding support and repayment is to be delegated to the Interim Director of Finance and Commercial Services in consultation with the Head of Planning. Should alternative funding become available e.g. central government grant, this could be used instead;

 

 

 

 

(d)

in relation to the Capital Programme:-

 

 

 

 

 

(i)

approves the proposed additions to the Capital Programme listed in Appendix 6.1 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)

approves the proposed variations, deletions and slippage in Appendix 6.1 of the report;

 

 

 

 

 

 

(iii)

approves the acceptance of the capital grant detailed in Appendix 6.2:

 

 

 

 

 

 

(iv)

notes the variations authorised by directors under the delegated authority provisions, outlined in Appendix 6.1; and

 

 

 

 

 

 

(v)

notes the latest position on the Capital Programme.

 

 

 

 

11.3

Reasons for Decision

 

 

11.3.1

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.

 

 

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, Acting Executive Director, Resources

 

 

11.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

Overview and Scrutiny Management Committee

 

Report author: Mike Thomas

Publication date: 21/10/2016

Date of decision: 19/10/2016

Decided at meeting: 19/10/2016 - Co-operative Executive

Effective from: 28/10/2016

Accompanying Documents: