Issue - meetings

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

Resolved to recommend:

2.    the approval of the revised capital programme to move slippage identified at Quarter 1 into financial year 2018/19 as detailed in Appendix C of the report to Cabinet.

3.    the approval of the supplementary budgets.. 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 the Strategic Planning & Regeneration Employees budget by £60k

·      Increase use of the Dacorum Development reserve by £60k

·      Increase the Regulatory Services legal budget by £95k

·      Increase use of the Litigation reserve by £95k

4.    the supplementary Capital budget funded by grant for the Disabled Facilities Grants budget of £66k as per paragraph 9.3 of the report to Cabinet.

Decision

1.    Consider the budget monitoring position for each of the above accounts;

Resolved to recommend:

2.    the approval of the revised capital programme to move slippage identified at Quarter 1 into financial year 2018/19 as detailed in Appendix C of the report to Cabinet.

3.    the approval of the supplementary budgets.. 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 the Strategic Planning & Regeneration Employees budget by £60k

·      Increase use of the Dacorum Development reserve by £60k

·      Increase the Regulatory Services legal budget by £95k

·      Increase use of the Litigation reserve by £95k

4.    the supplementary Capital budget funded by grant for the Disabled Facilities Grants budget of £66k as per paragraph 9.3 of the report to Cabinet.

Reason for decision

To provide details of the projected outturn for 2017/18 as at Quarter 1 for the:

•  General Fund

•  Housing Revenue Account

•  Capital Programme

Corporate objectives

Delivering an efficient and modern council

Monitoring Officer/Deputy S.151 Officer Comments

Monitoring Officer: No further comments to add

Deputy S.151 Officer: This is a Deputy Section 151 Officer report.

Advice

D Skinner introduced the report and explained it was a continuation of the good news story from 2016/17. There has been a focus on in-year and future savings. The key item in the report is Appendix D on page 34 – this monitors the future year savings. £1 million of savings have been identified in the Medium Term Financial Strategy and 80% of these savings are on track to be achieved and there is action in place for those savings that are not on track. Additional savings of £141k have been identified by service managers for delivery during 2018/19 and will be monitored to assess their deliverability. Furthermore, there has been a good continuation in income streams from investment, property and the Alternative Financial Model.

Voting

None