Agenda item

a)                                         revenue budget monitoring

b)                                         capital budget monitoring

Reports of the Chief Finance Officer are circulated

(a)       Revenue Budget Monitoring

Councillor Fleur de Rhe-Philipe, Cabinet member for Finance, Performance and Risk presented a report on the monitoring of the revenue budget for the period April to November 2009.  The delivery of Departmental Action Plans had reduced the previously reported financial pressures of £1.539 million down to £1.484 million. Councillor de Rhe-Philipe added that action plans were either in place or being developed to manage this reduced pressure and she would be ensuring that such plans included sufficient detail.

Resolved:

That the report be noted.

Reason for Decision

To make Councillors aware of the Council’s budgetary pressures.

(b)       Capital Budget Monitoring

Councillor Fleur de Rhe-Philipe presented a report on the monitoring of the capital budget for the period April to November 2009.  It was noted that there was a projected variation of £7.913 million against the full year budget for 2009/10. Cabinet was also asked to noted detailed budget changes as detailed in the report.

Resolved:

a)           To note the current financial position of the 2009/10 capital budget.

b)           To note the budget changes as detailed in sections 1 and 2 of Appendix B of the report presented.

Reason for Decision

To inform Cabinet of the current financial position of the 2009/10 capital budget and to identify schemes within the programme where expenditure is not progressing as anticipated.