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Decision details
Financial Monitoring June 2016
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Review of the financial position of the
Authority for the first quarter of 2016-17. This report will have
been reviewed by the Financial Task Group on 26-07-2016
Decision:
RESOVED That Cabinet:
1. Note the financial reporting data relating to revenue budgetary control, showing a forecast net overspend at year end of £2.7million, 0.5% of the gross budget.
2. Note the proposed adjustments to the Capital Programme detailed in appendix 5b and approve the two items in the Table below:
|
Scheme |
2017/18 Budget |
Adjustment |
Revised 2017/18 Budget |
Estimated Useful Life |
|
|
£ |
£ |
£ |
£ |
|
SWLP Vehicles* |
0 |
4,190,000 |
4,190,000 |
8 Years |
|
SWLP Wheelie Bins |
0 |
1,512,000 |
1,512,000 |
15 Years |
|
Total ** |
0 |
5,702,000 |
5,702,000 |
|
* to note that this expenditure will be required regardless of whether or not the Phase C of the Waste Partnership is progressed.
** This investment will significantly contribute towards the estimated £2 million of annual revenue savings (allowing for the debt charges of the scheme)
3. Endorse the addition of the £5.702 million SWLP Scheme above and that this is sent to Council on 23 November 2016 for its approval.
4. Note the virement of £109k from the corporate contingency to Children, Schools and Families for the first quarter costs of additional social worker capacity and the virement from Corporate Services to Community and Housing for the housing benefit cost for temporary accommodation
Report author: Paul Dale
Publication date: 21/09/2016
Date of decision: 19/09/2016
Decided at meeting: 19/09/2016 - Cabinet
Effective from: 27/09/2016
Accompanying Documents:
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