Issue - meetings

To consider and receive the report of the Chief Finance Officer.

The Executive Member (Resources), Councillor Peter Wilson, presented the Revenue and Capital Budget Monitoring 2018/19 which had been considered by the Executive Cabinet on 15 November. The report requires full Council approval for a number of recommendations.

The Deputy Leader of the Opposition, Councillor Martin Boardman, highlighted the schedule of the investment budgets carried forward from 2017/18 and the new (nonrecurrent) investment budgets introduced in the 2018/19 budget in Appendix 2.  He queried if all the committed funds can be spent in by the end of the Municipal Year.  Councillor Peter Wilson gave assurances that there is commitment to deliver the projects within the Corporate Strategy. 

The Executive Member (Resources), Councillor Peter Wilson, proposed and the Executive Leader, Councillor Alistair Bradley, seconded the Decision – to

1.    Note the capital programme to be delivered in 2018/19 to 2020/21.

2.    Approve the budget changes to the capital programme outlined in paragraph 44.

To consider and receive the report of the Chief Finance Officer.

1.    Note the full year forecast position for the 2018/19 revenue budget and capital investment programme.

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

3.    Approve the contribution of £50,000 from in-year revenue underspends to finance a procurement review of the Council’s leisure contract.

4.    Request Council note the capital programme to be delivered in 2018/19 to 2020/21.

5.    Request Council approve the budget changes to the capital programme outlined in paragraph 44.

Councillor Peter Wilson, Executive Member (Resources) presented the report of the Chief Finance Officer which sets 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 2018/19.

The Executive Member (Resources) confirmed that the proposed contribution of £50,000 to finance a procurement review of the Council’s leisure contract was from in-year revenue underspends and not from the Council’s reserves.

Decision:

1.    Note the full year forecast position for the 2018/19 revenue budget and capital investment programme.

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

3.    Approve the contribution of £50,000 from in-year revenue underspends to finance a procurement review of the Council’s leisure contract.

4.    Request Council note the capital programme to be delivered in 2018/19 to 2020/21.

5.    Request Council approve the budget changes to the capital programme outlined in paragraph 44.

Reasons for Recommendation(s)

To ensure the Council’s budgetary targets are achieved.

Alternative options considered and rejected

None.