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10.1 |
The Interim Executive Director, Resources submitted a report providing the month 10 monitoring statement, as of 31st January 2015, on the City Council’s Revenue Budget and Capital Programme for 2014/15. |
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10.2 |
RESOLVED: That Cabinet:- |
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(a) |
notes the updated information and management actions provided by the report on the 2014/15 Revenue Budget position; |
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(b) |
approves the proposed use of £783k for Public Health forecast reduction in spend, as detailed in Appendix 2 of the report; |
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(c) |
approves the proposed £1.4m of general fund activity to be funded via Public Health grant, as detailed in Appendix 2.1 of the report; |
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(d) |
in relation to the Capital Programme:- |
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(i) |
approves the proposed additions to the Capital Programme, listed in Appendix 4.1 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 the Capital Programme Group; |
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(ii) |
approves the proposed variations and slippage in Appendix 4.1 of the report; |
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(iii) |
delegates authority to the Director of Finance and the Director of Legal and Governance to finalise, and, if satisfactory, accept the conditions of the grant listed in Appendix 4.2 of the report; |
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(iv) |
notes the latest position on the Capital Programme; and |
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(v) |
notes the slippage requests authorised by the Cabinet Member for Finance under his delegated authority. |
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10.3 |
Reasons for Decision |
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10.3.1 |
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. |
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10.4 |
Alternatives Considered and Rejected |
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10.4.1 |
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. |
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10.5 |
Any Interest Declared or Dispensation Granted |
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None |
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10.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
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None |
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10.7 |
Respective Director Responsible for Implementation |
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Eugene Walker, Interim Executive Director, Resources |
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10.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
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Overview and Scrutiny Management Committee |
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