Decision details

Q2 Financial Report

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To provide details of the projected outturn for 2018,19 at quarter 2. Includes projected outturn for General fund, Housing Revenue Account and the Capital programme.

Decision:

  1. That the budget monitoring position for each of the above accounts be noted.

 

2. That Cabinet recommends to Council the approval of the revised capital programme to move £2.8m slippage identified at Quarter 2 into financial year 2019/20 as detailed in Appendix C;

 

3. That Cabinet recommends to Council the approval of the one off supplementary budgets required to deliver several service changes as set out below. These will be funded by use of the Management of change reserve. Details for these supplementary budgets are set out in the body of the report and have a net nil impact on the General Fund Working Balance:

 
  • A one off Increase to the Planning service budget of £90k to support the implementation of new and improved planning software.

 

  • A one-off increase to the Adventure Playground service employees budget by £80k to support costs incurred of restructuring the service.

 

  • An increase in the Neighbourhood Delivery employees budget by £80k to meet one off pension strain costs arising from the consolidation of the management team.

 

4. Approval of the virement detailed in Appendix D to realign New Build capital budgets to support the progress of new housing developments.

 

 

Publication date: 16/11/2018

Date of decision: 13/11/2018

Decided at meeting: 13/11/2018 - Cabinet

Accompanying Documents: