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Decision details

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Revenue and Capital Monitoring for Quarter 3 as at 31 December 2015

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To note the revenue and capital forecast position as at Quarter 3

To approve virements

To approve increases in the capital programme delegated to Cabinet

Decisions:

Having amended recommendation 3 set out in the report, it was

 

RESOLVED:  That

 

(1)          the revenue and capital forecast positions detailed in the report as at Quarter 3 2015/16 be noted;

 

(2)          the write off of debts totalling £32k in the Housing Revenue Account (HRA), as detailed at paragraph 36 of the report, be approved;

 

(3)          the virement of £1.365m from the SEP2 contingency and the virement of £1m from the currently uncommitted SEP4 Programme into the School Expansion  Programme lines, as set out at paragraph 131 of the report, be approved;

 

(4)          an addition to the Capital Programme of £7.5k funded from Section 106 in respect of Station Road Highway and Environmental Improvements, as detailed at paragraph 142 of the report, be approved.

 

Reason for Decision:  To be availed of the 2015/16 forecast financial position as at 31 December 2015 and approve budget adjustments as required under the Financial Regulations.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Dawn Calvert

Publication date: 19/02/2016

Date of decision: 18/02/2016

Decided at meeting: 18/02/2016 - Cabinet

Effective from: 27/02/2016

Accompanying Documents: