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.
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.