Recommendations to Council:
1. Note the forecast position for the 2013/14 revenue budget and capital investment programme.
2. Approve the transfer to a change reserve and equalisation account, based on a 50:50 split, net income received from Market Walk in 2013/14.
3. Approve a budget virement of £31k from the 2013/14 budget growth item Supporting the Expansion of Local Businesses (Business Improvement Growth Grant) to Starting in Business Grants.
4. Note the forecast position on the Council's reserves.
5. Approve the transfer of residual budget from the Leisure Centres capital improvement works to Astley Hall and Park Development Plan.
6. Request Council approve the proposed re-profiling of the Capital Programme to better reflect delivery in 2013/14.
7. To approve the use of revenue funding from the Small Business Rate Relief to replace borrowing as funding for short life capital schemes to achieve revenue savings in 2014/15 and beyond.
Decision type: Key
Reason Key: A change in service provision that impacts upon the service revenue budget by £100,000 or more;
Decision status: Recommmend Forward to Council
Notice of proposed decision first published: 14/06/2013
Explanation of anticipated restriction:
No
Decision due: 13 Feb 2014 by Executive Cabinet
Lead member: Deputy Executive Leader, Executive Member (Resources, Policy and Performance)
Lead director: Chief Executive
Will the public be excluded?: No