Decision details

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

1.               The following be noted (as set out in the report submitted):

·        forecast revenue budget underspend for 2013/14 (Annex 1, paragraph 1);

·        forecast ongoing efficiencies & service reductions achieved by year end (Annex 1, paragraph 56);

·        forecast capital budget position for 2013/14 (Annex 1, paragraph 60)

·        management actions to mitigate overspends (throughout Annex 1);

·        quarter end balance sheet as at 30 June 2013 and movements in earmarked reserves and debt outstanding (Annex 1, page 18);

2.               the following adjustments to the revenue budget be approved:

·        virement of £0.4m from Customer & Communities’ Legacy team to Chief Executive’s Office to realign budgets and service responsibilities (Annex 1, paragraph 6);

·        virement of £0.7m from Adult Social Care to Public Health to realign health and well-being budgets (Annex 1, paragraph 7);

·        virement of £0.14m from New Homes Bonus funding to Environment &Infrastructure to support planning applications associated with the schools building programme (Annex 1, paragraph 8);

·        virement of £5.0m from the Severe Weather Reserve to repair damage to roads caused during the last winter (Annex 1, paragraph 9);

3.               the following adjustments to the capital budget be approved:

·        virement of -£0.4m grant reprofiling of Local Sustainable Travel Fund grant in Environment & Infrastructure (Annex 1, paragraph 60);

·        virement of -£0.5m reprofiling of external funding in Environment & Infrastructure (Annex 1, paragraph 60);

·        virement of £0.6m reprofiling of IT Replacement Reserve (Annex 1, paragraph 60);

·        virement of -£0.6m reprofiling of Adult Social Care Infrastructure grant (Annex 1, paragraph 60);

·        virement of the transfer of responsibility for Basingstoke Canal from Business Services (-£0.5m) to Environment & Infrastructure (£0.5m) (Annex 1, paragraph 60); and

·        virement of the addition of £1.8m for Redhill balanced network as a new scheme (Annex 1, paragraph 60).

Reason for decisions

To progress the actions identified as part of the agreed strategy of monthly budget monitoring reporting.

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