Decision - Targeted Budget Management (TBM) 2014/15 Month 2

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Decision details

Targeted Budget Management (TBM) 2014/15 Month 2

Decision Maker: Policy & Resources Committee (pre 2015)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

1)            That the Committee note the total forecast outturn position for the General Fund, which is an overspend of £6.031m. This consists of an overspend of £5.851m on council controlled budgets and an overspend of £0.180m on the council’s share of the NHS managed Section 75 services.

 

2)            To agree the transfer of £0.500m recurrent risk provision to Adult Social Care following the decision not to progress a Local Authority Trading Company, thus reducing the forecast overspend to £5.531m.

 

3)            That the Committee note that there is a further £1.890m of as yet unallocated risk provision that could be used to mitigate against this overspend.

 

4)            That the Committee note the forecast outturn for the Housing Revenue Account (HRA), which is an underspend of £0.029m.

 

5)            That the Committee note the forecast outturn position for the Dedicated Schools Grant which is an overspend of £0.007m.

 

6)            That the Committee note the forecast outturn position on the capital programme.

 

7)            That the Committee approve the following changes to the capital programme.

 

i)             The variations and reprofiles in Appendix 3 and the new schemes as set out in Appendix 4.

 

8)            That the Committee delegate authority to the Executive Director of Finance & Resources in consultation with the Chair of Policy & Resources Committee and the Opposition Leaders to commit a maximum of £50,000 capital expenditure as an investment in the Municipal Bonds Agency subject to the conditions set out in paragraph 3.15.

Report author: Jeff Coates

Publication date: 11/07/2014

Date of decision: 11/07/2014

Decided at meeting: 11/07/2014 - Policy & Resources Committee (pre 2015)

Effective from: 15/07/2014

Accompanying Documents:

 


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