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Decision details

Revenue Budget and Capital Programme Monitoring 2019-20 - Outturn

Decision Maker: Co-operative Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Purpose:

This report provides the outturn monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2019/20.

 

Decision:

8.1

The Executive Director, Resources, submitted a report providing the outturn monitoring statement on the City Council’s Revenue and Capital Budget for 2019/20.

 

 

8.2

Dave Phillips (Head of Strategic Finance) presented the report, and highlighted that the Council’s 2019/20 revenue budget, as at 31st March 2020, is underspent by £534k.  He added that this underspend is prior to a £335k carry forward request from the Place Portfolio to support project expenditure on the Place Change Programme, which, if agreed, would reduce the underspend to £199k.

 

 

8.3

RESOLVED: That Cabinet:- 

 

 

 

(a)

notes the updated information and management actions provided in the report on the 2019/20 Revenue Budget Outturn, and the information on reserves in Appendix 1 of the report;

 

 

 

 

(b)

approves the Place Portfolio carry forward request, as detailed in paragraphs 7 to 9 of the report;

 

 

 

 

(c)

in relation to the Capital Programme, notes the outturn position described in Appendix 2 of the report;

 

 

 

 

(d)

notes the annual Treasury Management Outturn report for 2019/20, attached as Appendix 3 of the report; and

 

 

 

 

(e)

approves the actual 2019/20 prudential and treasury indicators presented in Annex 2 of the Treasury Management Outturn report.

 

 

 

8.4

Reasons for Decision

 

 

To record formally changes to the Revenue Budget and the Capital Programme.

 

 

8.5

Alternatives Considered and Rejected

 

 

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.

 

 

8.6

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

8.7

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None

 

 

8.8

Respective Director Responsible for Implementation

 

 

 

Eugene Walker, Executive Director, Resources.

 

 

8.9

Relevant Scrutiny and Policy Development Committee If Decision Called In

 

 

 

Overview and Scrutiny Management Committee.

 

 

Publication date: 04/06/2020

Date of decision: 20/05/2020

Decided at meeting: 20/05/2020 - Co-operative Executive

Effective from: 11/06/2020

Accompanying Documents: