Decision details

Corporate Budget Performance - Period 6

Decision Maker: Cabinet

Decision status: Item Called In

Is Key decision?: Yes

Is subject to call in?: Yes


Cabinet considered a report of the Executive Director (Finance and Resources) providing an overview of the corporate budget performance.




In respect of the 2019/20 Revenue Budget Performance as set out in Appendix 1 to this report:


1. That the forecast outturn and mitigating actions for the General Fund and the Housing Revenue Account as at September 2019, be noted.


2. That the planned budget transfers (virements) of £185,875 between portfolio services, as set out in section 3.7 to the submitted report, be approved.


In respect of the 2019/20 Capital Budget Performance as set out in Appendix 2 of this report:


3. The expenditure to date and the forecast outturn as at September 2019 and its financing, be noted.


4. That the requested changes to the 2019/20 Capital Investment Programme as set out in Section 2 of Appendix 2 to the submitted report, be noted.


Other Options


The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk. More frequent monitoring is undertaken by officers and considered by individual service Directors and the Council’s Corporate Management Team (CMT) including the implementation of any necessary remedial actions.


Reasons for Decision:


1. The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It sets out the key variances being reported by budget holders and the associated management action being implemented to address any identified issues.


2. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.


3. It is important that any adverse variances are addressed in order for the Council to remain within the approved budget provision or where this cannot be achieved by individual service management action, alternative proposals are developed and solutions proposed which will address the financial impact. Councillors will have a key role in approving any actions if the alternative proposals represent significant changes to the service delivery arrangements originally approved by them.


Note: This is a Council Function

Eligible for call in to: Policy and Resources Scrutiny Committee

Cabinet Member: Cllrs Gilbert and Woodley


Report author: Joe Chesterton

Publication date: 08/11/2019

Date of decision: 05/11/2019

Decided at meeting: 05/11/2019 - Cabinet

Issue status: The decision is currently being reconsidered

This decision has been called in by:

Accompanying Documents:


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