Agenda item

11.1

The Executive Director, Resources submitted a report providing the month 11 monitoring statement on the City Council’s Revenue and Capital Budget for 2012/13.

11.2

RESOLVED: That Cabinet:-

(a)

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

(b)

approves the proposed additions to the capital programme listed in Appendix 2, 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;

(c)

approve the proposed variations and slippage in Appendix 2 of the report within its delegated authority; and

(d)

notes the variations to project authorities exercised by EMT and service directors under their delegated authority, the emergency approvals and the latest position on the Capital Programme.

11.3

Reasons for Decision

11.3.1

To formally record changes to the Revenue Budget and the Capital Programme and gain Member approval for changes within 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.

11.5

Any Interest Declared or Dispensation Granted

None

11.6

Reason for Exemption if Public/Press Excluded During Consideration

None

11.7

Respective Director Responsible for Implementation

Laraine Manley, Executive Director, Resources

11.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee

11.1

The Executive Director, Resources submitted a report providing the month 11 monitoring statement on the City Council’s Revenue and Capital Budget for 2012/13.

11.2

RESOLVED: That Cabinet:-

(a)

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

(b)

approves the proposed additions to the capital programme listed in Appendix 2, 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;

(c)

approve the proposed variations and slippage in Appendix 2 of the report within its delegated authority; and

(d)

notes the variations to project authorities exercised by EMT and service directors under their delegated authority, the emergency approvals and the latest position on the Capital Programme.

11.3

Reasons for Decision

11.3.1

To formally record changes to the Revenue Budget and the Capital Programme and gain Member approval for changes within 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.