Agenda item

7.2.1

The Director of Finance submitted a report which provided the final outturn position on the City Council’s Revenue and Capital Budget for 2011-12.

7.2.2

RESOLVED: That Cabinet :-

(a)

notes the outturn position and management actions provided by this report on the 2011/12 budget position;

(b)

approves the additional carry forwards of £6.2m; and

(c )

in relation to the Capital Programme:-

(i)

approves the delegations of procurement authority and contract awards in the Stage Approvals Report (Appendix 4);

(ii)

notes the Director Variation in Appendix 4;

(iii)

notes the Emergency Approvals in Appendix 4; and

(iv)

notes the latest position on the Capital Programme.

7.2.3

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

7.2.4

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.