Issue - meetings

1.           The projected revenue budget underspend (Annex 1 – Section A of the report submitted) and the Capital programme direction(Annex 1 – Section B of the report submitted) be noted

2.           That government grant changes be reflected in directorate budgets (Annex 1 – Section C of the report submitted)

3.           Further quarter 3 financial information - treasury, debts reserves and balances (Annex 1 – Section D of the report submitted) and the Chief Financial Officer’s delegated authority to write off £156,566 of debts this quarter (Annex 1 – Section D of the report submitted) be noted.

Reason for decision

Consideration of the monthly budget monitoring report and any associated actions represents part of the Cabinet’s approved budget monitoring strategy.

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

The Cabinet received an update on the year-end revenue and capital budget monitoring projections as at the end of December 2012. Resources were being used effectively to respond to the needs of residents. The projected underspend on the capital programme was noted to be much lower than in previous years.

The Chairman noted that the investment made in local committees had made a real difference locally and praised the winter maintenance undertaken in the current year. He also advised that, given the results, he hoped to see unanimity in support for the investment this year.

Cabinet Members noted that the reference to the Fire & Rescue Service vehicle and equipment replacement scheme in Annex 1 (paragraph 68) to the report should state that it was unlikely that all purchases would be received by the end of the financial year due to the lead time for procurement.

It was RESOLVED that:

1.           The projected revenue budget underspend (Annex 1 – Section A of the report submitted) and the Capital programme direction(Annex 1 – Section B of the report submitted) be noted

2.           That government grant changes be reflected in directorate budgets (Annex 1 – Section C of the report submitted)

3.           Further quarter 3 financial information - treasury, debts reserves and balances (Annex 1 – Section D of the report submitted) and the Chief Financial Officer’s delegated authority to write off £156,566 of debts this quarter (Annex 1 – Section D of the report submitted) be noted.

Reason for decision

Consideration of the monthly budget monitoring report and any associated actions represents part of the Cabinet’s approved budget monitoring strategy.