Agenda item

13.1

The Interim Executive Director, Resources submitted a report providing the month 6 monitoring statement on the City Council’s Revenue and Capital Budget for 2015/16.

13.2

RESOLVED: That Cabinet:-

(a)

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

(b)

approves the spend request as shown in paragraph 29 of Appendix 1 of the report; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme, listed in Appendix 5.1 and 5.2 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, deletions and slippages in Appendix 5.1 and 5.2 of the report; and notes:-

(A)

the latest position on the Capital Programme including the current level of delivery; and

(B)

the variations approved under delegated authority provisions.

13.3

Reasons for Decision

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.

13.4

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.

13.5

Any Interest Declared or Dispensation Granted

None

13.6

Reason for Exemption if Public/Press Excluded During Consideration

None

13.7

Respective Director Responsible for Implementation

Eugene Walker, Interim Executive Director, Resources

13.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee

13.1

The Interim Executive Director, Resources submitted a report providing the month 6 monitoring statement on the City Council’s Revenue and Capital Budget for 2015/16.

13.2

Members commented that welfare reforms would put pressure on all residents in the City not just Council tenants and the Government’s proposals regarding ‘Pay to Stay’ could have a catastrophic effect and clarity was awaited on the detail of these proposals.

13.3

RESOLVED: That Cabinet:-

(a)

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

(b)

approves the spend request as shown in paragraph 29 of Appendix 1 of the report; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme, listed in Appendix 5.1 and 5.2 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, deletions and slippages in Appendix 5.1 and 5.2 of the report; and notes:-

(A)

the latest position on the Capital Programme including the current level of delivery; and

(B)

the variations approved under delegated authority provisions.

13.4

Reasons for Decision

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.

13.5

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.