Decision details

To consider the revenue and capital final financial position (outturn) with final carry forwards and make any recommendations, as appropriate

1.         That the 2013/14 net revenue budget underspend of £6.9m, as set out in Annex 1, paragraph 1 of the submitted report, be noted.

2.       That the final 2013/14 revenue carry forward requests of £5.5m through transfer to the Budget Equalisation Reserve, as set out in Annex 1, paragraphs 2 and 36 of the submitted report, be approved.

3.       That the residual revenue underspend of £1.4m be transferred to General Balances, as set out in Annex 1, paragraph 2 of the submitted report, be approved.

4.       That the capital budget outturn of £224.1m be noted and the final capital carry forwards of £32.6m, as set out in Annex 1, paragraphs 79 to 82 of the submitted report, be approved.

5.       That the reserves movements and year end general balances and reserves, as set out in Annex 1, Appendix, Table App5 of the submitted report, be noted.

6.         That the revised revenue 2014/15 budget incorporating the 2013/14 transfers and carry forwards, as set out in Annex 2, paragraph 1 of the submitted report, be noted.

7.         That the two 2014/15 revenue virements for SEN Reform Grant distribution and Children Service’s contact centre realignment, as set out in Annex 2, paragraph 2 and 4 be approved.

8.         That the unpaid £3.3m Genito-Urinary Medicine (GUM) funds be held as a debtor on the Council’s Balance Sheet and that the Leader of the Council to write to the Department of Health strongly urging settlement of this debt.

Reasons for Decisions

To review and manage the budget outturn for the 2013/14 financial year in the context of a multi-year approach to financial management. To approve final carry forwards to enable on-going projects to continue.

[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]