Issue - meetings

RESOLVED TO RECOMMEND

1.     That the supplementary budgets set out below be agreed. Details for these supplementary budgets are set out in the body of the report to cabinet and have a net nil impact on the General Fund Working Balance:

· Increase Electoral Registration Budget by £42k

· Increase Other Government Grants Budget by £42k

· Decrease the budget for Conducting Elections by £30k

· Decrease use of the Elections Reserve by £30k

· Approve the recommended virement of underspends set out in Section 6 of the report to cabinet.

Decision

That Cabinet:

RESOLVED TO RECOMMEND

1.     That the supplementary budgets set out below be agreed. Details for these supplementary budgets are set out in the body of the report to cabinet and have a net nil impact on the General Fund Working Balance:

· Increase Electoral Registration Budget by £42k

· Increase Other Government Grants Budget by £42k

· Decrease the budget for Conducting Elections by £30k

· Decrease use of the Elections Reserve by £30k

· Approve the recommended virement of underspends set out in Section 6 of the report to cabinet.

Reason for Decision

To provide details of the projected outturn for 2015/16 as at Quarter 2 for the:

•  General Fund

•  Housing Revenue Account

•  Capital Programme

Implications

Financial

Financial and Value for Money implications are included within the body of the report.

Risk Implications

Risk implications are included within the body of the report.

Equalities Implications

There are no equality implications

Health And Safety Implications

There are no health and safety implications

Corporate Objectives

Dacorum Delivers

Advice

The Portfolio Holder for Finance & Resources explained that this report incorporated performance for quarter 2 of 2015/16 and Cabinet were asked to agree the small adjustments listed in the recommendations. Overall the projected overspend had reduced from £785k to £274k, the challenge was to reduce this to zero over the next 6 months. In addition, the outcome of the unknown chancellor’s statement would also be a challenge.

Consultation

Consultation took place with:

·        Budget Managers

Voting

None.