Issue - decisions

12.1

The Executive Director, Resources submitted a report providing the month 4 monitoring statement on the City Council’s Revenue and Capital Budget for 2014/15.

12.2

RESOLVED: That Cabinet:-

(a)

notes the updated information and management actions provided by the report on the 2014/15 Revenue budget position; and

(b)

in relation to the Capital Programme:-

(i)

approves the proposed additions to the Capital Programme listed in Appendix 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 and slippage in Appendix 1; and

(iii)

notes the exercises of delegated authority by EMT and service Directors, and, the current position on the Capital Programme

12.3

Reasons for Decision

12.3.1

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.

12.4

Alternatives Considered and Rejected

12.4.1

A number of alternative courses of action were considered as part of the process undertaken by officers before decisions were recommended to Members. The recommendations made to Members represented what officers believed 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 was 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, Executive Director, Resources

12.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee