Decision details

Finance and Budget Monitoring Report for February 2016

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: Yes


To consider the month end budget report and make any recommendations as appropriate



That the report be noted, including the following:


1.         That Services forecast a £8.7m revenue budget variance at year end which includes use of £7.4m central government grant, as set out in the Annex, paragraph 1 to the submitted report

2.         That Services forecast to achieve £65.1m efficiencies and service reductions by year end, as set out in the Annex, paragraph 39 of the submitted report.

3.         That total forecast capital expenditure for 2015/16, including long term investments, is £224.1m, as set out in the Annex, paragraph 47 of the submitted report.

4.         That Services’ management actions to mitigate overspends were set out throughout the report.

5.         That £0.5m virement to reduce the budget in 2015/16 for the SEND Reform Grant intended to support implementation of the new Special Educational Needs and Disabilities (SEND) system, as detailed in the Annex, paragraph 3 of the submitted report, be approved.

Reasons for Decisions:


This report is presented to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval and action as necessary.


[The decisions on this item can be called in by the Council Overview Board]



Report author: Kevin Kilburn

Publication date: 22/03/2016

Date of decision: 22/03/2016

Decided at meeting: 22/03/2016 - Cabinet

Effective from: 01/04/2016

Accompanying Documents: