Decision details

Revenue and Capital Budget Monitoring 2015/16: Report 2 (End of September 2015)

Decision Maker: Executive Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No

Decision:

1.         Approval granted that the full year forecast position for the 2015/16 revenue budget and capital investment programme be noted.

2.         Approval granted that the forecast position on the Council's reserves be noted.

3.         To request Council approve the use of £75,000 surplus generated from Market Walk to invest in the Retail Grants Programme.

4.         To request Council approve the use of £25,000 from the budget provision for Chorley Youth Zone to finance the Chorley Grand Prix cycling event in March 2016.

5.         To request Council approve to set aside around £70,000 of additional revenue income from Council Tax Summons and Liability Order charges in 2015/16 to offset any future increased liability in bad debts as a result of these charges.

6.             To request Council approve the proposed additions, deletions and re-phasing of the Capital Programme to better reflect delivery in 2015/16.

Report author: James Thomson

Publication date: 23/11/2015

Date of decision: 19/11/2015

Decided at meeting: 19/11/2015 - Executive Cabinet

Accompanying Documents: