Decision details

Councillor Peter Wilson, Executive Member (Resources) presented the report of the Chief Finance Officer which set out the provisional revenue and capital outturn figures for the Council as compared against the budgets and efficiency savings targets set for the financial year 2017/18.

Councillor Peter Wilson, Executive Member for Resources proposed, Councillor Alistair Bradley, Executive Leader seconded the DECISION – to

1.         Note the full year forecast position for the 2017/18 revenue budget and capital investment programme.

2.         Note the forecast position on the Council's reserves.

3.         Approve the contribution of £60,000 from in-year revenue underspends to the Buildings Maintenance Reserve to finance one-off costs relating to the Council’s maintenance of offices and buildings.

4.         Approve the contribution of £100,000 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies.

5.         Approve the contribution of £40,000 from in-year revenue underspends to fund the revenue implications of future planning appeals.

6.         Approve the use of £40,000 from in-year revenue underspends to provide the council with external expertise for the furthering of income generation.

7.         Approve the contribution of £130,000 from in-year revenue underspends to enable the modernisation of the Council’s ICT and Streetscene services.

8.         Approve the budget changes to the capital programme outlined in paragraph 70.