Decision details

CAPITAL AND REVENUE MONITORING REPORT 2014/15

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decisions:

The Corporate Management Team submitted a report outlining the finance monitoring position of the Council as at the end of September 2014 and provided details on how the Council was delivering against its financial measures using its capital and revenue resources. 

 

The report –

 

(a)

indicated that additional management solutions and escalated action to deliver further savings from the Council’s transformation programme were being worked up in order to address the in-year forecasted revenue overspend of £3.703m (as at September 2014);   

(b)

also sought approval of relevant budget variations, virements and the revised capital budget following the addition of new capital schemes and other movements for the quarter two period.

 

Councillor Lowry (Cabinet Member for Finance) introduced the report and highlighted the growing pressures in adult and children’s social care which needed to be addressed.  Cabinet Members were advised that these issues, it was hoped, would be addressed by the ambitious Integrated Health and WellBeing Programme.

 

David Northey (Head of Corporate Strategy) attended the meeting for this item. 

 

Alternative options considered and the reasons for the decision –

 

As set out in the report.

 

Agreed -

 

(1)

that thecurrentrevenuemonitoringpositionandactionplansin place to reduce/mitigate the position are noted;

(2)

thenon-delegatedrevenuebudgetvirementsassetout in Table 4 of the report;

(3) 

the movements to the approved Capital Programme are noted. 

 

Publication date: 14/11/2014

Date of decision: 11/11/2014

Decided at meeting: 11/11/2014 - Cabinet

Effective from: 22/11/2014

Accompanying Documents: