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Decision details

Revenue and Capital Budget Monitoring report

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

Period 4 report 2017/2018

Decisions:

Councillor Philip Whitehead presented the report which advised members of the revenue and capital budget monitoring position as at the end of period 4 (end of July 2017) for the financial year 2017/2018 with suggested actions as appropriate; informed Cabinet on the position of the 2017/2018 capital programme, as at Period 4 (31 July 2017), including highlighting budget changes. It was noted that the report was the first combined revenue and capital report.

 

Issues highlighted in the course of the presentation and discussion included: that a £4.4m overspend was currently predicted, but that this was lower than the predicted overspend of £10m at the same time last year which itself was addressed by management actions; whether it was possible to do more to financially plan for unpredicted events; and that sometimes decisions are made in year, for the right reasons, that have a negative impact on the budget previously planned for.

 

Following a short debate, it was;

 

Resolved

 

to note the outcome of the period 4 (end of July) budget monitoring and to approve all budget amendments outlined in the report.

 

To note the budget movements undertaken to the capital programme shown in appendices D and E and to also note the reprogramming of the capital £23.620 million between 2017/2018 and 2018/2019.

 

Reasons for Decision:

 

To inform effective decision making and ensure a sound financial control environment.

 

To inform Cabinet of the position of the 2017/2018 capital programme as at Period 4 (31 July 2017), including highlighting any budget changes

Report author: Matthew Tiller

Publication date: 18/09/2017

Date of decision: 12/09/2017

Decided at meeting: 12/09/2017 - Cabinet

Accompanying Documents:

 

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