Issue - meetings

Q2 Financial Report

 

 

Meeting: 13/11/2018 - Cabinet (Item 117)

117 Q2 Financial Report pdf icon PDF 185 KB

Additional documents:

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.

 

 

Minutes:

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.

 

Corporate objectives

Delivery an efficient and modern council.

Monitoring Officer/S.151 Officer comments

Deputy Section 151 Officer:

Comments included within the body of this report

 

Monitoring Officer:

No Comments to add to the report.

 

Advice

Councillor Elliot introduced the item to members and said the report contains the current budget positions for the General Fund, the HRA and the capital programme. There was £2.8 million of slippage in 2019/20, £1.3 million of this was part of the Berkhamsted Multi-Storey Car Park which is due to begin in January 2019.

Councillor Birnie said if investment properties under paragraph 6.1 included shops.

Councillor Elliot confirmed it did.

Councillor Birnie asked about the management change reserve and asked how much this totalled.

J Deane said at the end of the financial year, it was forecast to be £1.2 million.

Voting

None.