Agenda item

12.1

The Interim Executive Director, Resources submitted a report providing the month 10 monitoring statement on the City Council’s Revenue and Capital Budget for 2015/16.

12.2

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 carry forward of £523k; and

(i)

delegates authority to the Director of Creative Sheffield to design the new Living Wage and Retail Relief schemes in consultation with the Director of Finance, the Director of Legal and Governance and the Cabinet Member for Finance and Resources; and

(ii)

delegates authority to the Head of Libraries and Community Services to approve the final allocation of community investments in consultation with the Director of Finance, the Director of Legal and Governance and the Cabinet Member for Finance and Resources; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme listed in Appendix 5.1 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 5.1 of the report;

(iii)

approves the acceptance of the grant detailed in Appendix 5.2 of the report;

(iv)

notes the variations in Appendix 5.1 of the report within its delegated authority of the Council’s Executive Management Team;

(v)

notes the two variations authorised by Council Directors under the delegated authority provisions; and

(vi)

notes the latest positon on the Capital Programme.

12.3

Reasons for Decision

12.3.1

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.

12.4

Alternatives Considered and Rejected

12.4.1

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.

12.5

Any Interest Declared or Dispensation Granted

None

12.6

Reason for Exemption if Public/Press Excluded During Consideration

None

12.7

Respective Director Responsible for Implementation

Eugene Walker, Interim Executive Director, Resources

12.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee

11.1

The Interim Executive Director, Resources submitted a report providing the month 10 monitoring statement on the City Council’s Revenue and Capital Budget for 2015/16.

11.2

A supplementary report was circulated outlining amendments to the recommendations detailed in the original report.

11.3

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 carry forward of £523k; and

(i)

delegates authority to the Director of Creative Sheffield to design the new Living Wage and Retail Relief schemes in consultation with the Director of Finance, the Director of Legal and Governance and the Cabinet Member for Finance and Resources; and

(ii)

delegates authority to the Head of Libraries and Community Services to approve the final allocation of community investments in consultation with the Director of Finance, the Director of Legal and Governance and the Cabinet Member for Finance and Resources; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme listed in Appendix 5.1 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 5.1 of the report;

(iii)

approves the acceptance of the grant detailed in Appendix 5.2 of the report;

(iv)

notes the variations in Appendix 5.1 of the report within the delegated authority of the Council’s Executive Management Team;

(v)

notes the two variations authorised by Council Directors under the delegated authority provisions; and

(vi)

notes the latest positon 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.