Agenda item

10.1

The Cabinet received a report of the Executive Director, Resources which provided the Month 4 monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2012/13.

10.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by this report on the 2012/13 budget position;

(b)

approves the carry-forward request as detailed in paragraph 20 within the Place section; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the capital programme listed in Appendix 1, including the procurement strategies and delegations of authority to the Director of Commercial Services or Delegated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

(ii)

approves the proposed variations in Appendix 1;

(iii)

notes that there were neither emergency approvals nor variations approved by Directors under their delegated authority;

(iv)

notes the latest position on the Capital Programme including the current level of forecasting performance, and

(v)

notes the two variations approved by EMT.

10.3

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.

10.4

Alternatives Considered and Rejected

A number of alternative courses of action were 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

10.5

Any Interest Declared or Dispensation Granted

None

10.6

Reason for Exemption if Public/Press Excluded During Consideration

None.

10.7

Respective Director Responsible for Implementation

Executive Director, Resources

10.8

Relevant Scrutiny and Policy Development Committee If Decision

Called In

Overview and Scrutiny Management Committee

10.1

The Cabinet received a report of the Executive Director, Resources which provided the Month 4 monitoring statement on the City Council’s Revenue Budget and Capital Programme for 2012/13.

10.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by this report on the 2012/13 budget position;

(b)

approves the carry-forward request as detailed in paragraph 20 within the Place section; and

(c)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the capital programme listed in Appendix 1, including the procurement strategies and delegations of authority to the Director of Commercial Services or Delegated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

(ii)

approves the proposed variations in Appendix 1;

(iii)

notes that there were neither emergency approvals nor variations approved by Directors under their delegated authority;

(iv)

notes the latest position on the Capital Programme including the current level of forecasting performance, and

(v)

notes the two variations approved by EMT.

10.3

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.

10.4

Alternatives Considered and Rejected

A number of alternative courses of action were 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

10.5

Any Interest Declared or Dispensation Granted

None

10.6

Reason for Exemption if Public/Press Excluded During Consideration

None.

10.7

Respective Director Responsible for Implementation

Executive Director, Resources

10.8

Relevant Scrutiny and Policy Development Committee If Decision

Called In

Overview and Scrutiny Management Committee