Issue - meetings
Corporate Budget Performance - Period 8
Meeting: 30/01/2020 - Policy and Resources Scrutiny Committee (Item 779)
779 Corporate Budget Performance - Period 8 
PDF 134 KB
Minute 709 (Cabinet Book 4, Agenda Item No. 23 refers)
Referred direct by Cabinet
Additional documents:
- Appendix 1 Revenue Budget Monitor Report 201908 v2, item 779
PDF 263 KB
- Appendix 2 - Capital Investment Programme Budget Performance 2019-20 - November 2019, item 779
PDF 608 KB
Minutes:
The Committee considered Minute 709 of the meeting of Cabinet held on 16th January 2020, which had been referred direct to Scrutiny, together with a report of the Executive Director (Finance and Resources) on the corporate budget performance (Period 8).
Resolved:
That the following recommendations of Cabinet, be noted:-
“Recommended:
In respect of the 2019/20 Revenue Budget Performance as set out in Appendix 1 to the submitted report:
1. That the forecast outturn and mitigating actions for the General Fund and the Housing Revenue Account as at November 2019, be noted.
2. That the planned budget transfers (virements) of £5,651,325 between portfolio services, as set out in section 3.12 of the report, be approved.
In respect of the 2019/20 Capital Budget Performance as set out in Appendix 2 to the report:
1. That the expenditure to date and the forecast outturn as at November 2019 and its financing, be noted.
2. That the requested changes to the 2019/20 Capital Investment Programme as set out in section 3 of Appendix 2 to the report, be approved.
3. That, in respect of the transfer of an asset as set out in section 4 of the report: 12A Ceylon Road be appropriated from the General Fund to the Housing Revenue Account.”
Note: This is a Council Function
Cabinet Members: Cllrs Gilbert and Woodley
Meeting: 16/01/2020 - Cabinet (Item 709)
709 Corporate Budget Performance - Period 8 PDF 134 KB
Report of Executive Director (Finance and Resources) attached
Additional documents:
- Appendix 1 Revenue Budget Monitor Report 201908 v2, item 709
PDF 263 KB
- Appendix 2 - Capital Investment Programme Budget Performance 2019-20 - November 2019, item 709
PDF 608 KB
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) on the corporate budget performance (Period 8).
Recommended:-
That, in respect of the 2019/20 Revenue Budget Performance as set out in Appendix 1 to the submitted report:
1. That the forecast outturn and mitigating actions for the General Fund and the Housing Revenue Account as at November 2019, be noted.
2. That the planned budget transfers (virements) of £5,651,325 between portfolio services, as set out in section 3.12 to the report, be approved.
That, in respect of the 2019/20 Capital Budget Performance as set out in Appendix 2 to the report:
1. That the expenditure to date and the forecast outturn as at November 2019 and its financing, be noted.
2. That the requested changes to the 2019/20 Capital Investment Programme as set out in Section 3 of Appendix 2 to the report, be approved.
3. That, in respect of the transfer of an asset as set out in Section 4 of the report: 12A Ceylon Road be appropriated from the General Fund to the Housing Revenue Account.
Reasons for Decision
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 also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
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.
Note: This is Council Function
Referred direct to Policy and Resources Scrutiny Committee
Cabinet Members: Cllrs Gilbert and Woodley
