Decision details

Financial Performance Quarter 2 2013-14

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To provide information on the forecast full year financial position of the Council as at 30 September 2013.

Decision:

1.            RESOLVED that:

 

a)           the report and appendix be noted;

b)           the virements as detailed in Table 4 of Section 1 of the appendix be approved; and

c)            the Capital Budget carry-overs of £6,147,562 to 2014-15 as detailed in section 2 of the appendix be approved.

 

2.      RECOMMEND to Council that the additional housing benefit subsidy income of £112,320 be vired to efficiencies.

Reasons for the decision:

To provide timely information to Members on the overall finances of the Council, and to make the best use of resources available.

Alternative options considered:

Option 1

 

To note the report and approve the virements detailed within Table 4 of Section 1 of the appendix and recommend to Full Council that the additional housing benefit subsidy income of £112,320 be vired to efficiencies and approve the capital budget carry-overs of £6,147,562 to 2014-15 as detailed in Section 2 of the appendix.

 

Option 2

 

To note the report and not approve the virements detailed within Table 4 of Section 1 of the appendix and not make the recommendation to Full Council and not approve the capital budget carry-overs in Section 2 of the appendix.

Report author: Mark Finch

Publication date: 05/12/2013

Date of decision: 03/12/2013

Decided at meeting: 03/12/2013 - Cabinet

Accompanying Documents: