Modern.gov Breadcrumb
- Issue
Modern.gov Content
Issue - meetings
Budget Monitoring Out turn report P5
Meeting: 01/10/2019 - Cabinet (Item 12.)
12. Budget Monitoring Out turn report P5 PDF 123 KB
Additional documents:
- Appendix A - P5 Revenue Budget Monitoring Report, item 12. PDF 177 KB
- P5 Appendix A1 - People, item 12. PDF 301 KB
- P5 Appendix A2 - Resources, item 12. PDF 242 KB
- P5 Appendix A3 - Growth & Regeneration, item 12. PDF 266 KB
- P5 Appendix A4 - HRA, item 12. PDF 143 KB
- P5 Appendix A5 - DSG, item 12. PDF 106 KB
- P5 Appendix A6 - Public Health Grant, item 12. PDF 68 KB
- P5 Appendix B - P5 Capital Budget Monitoring Report, item 12. PDF 86 KB
- P5 Appendix B Capital Programme Summary Period 5, item 12. PDF 162 KB
Decision:
1. Cabinet approved the submission of a funding bid to the Local Highways Maintenance Challenge fund of up to £4m for 2019/20 and note a further report will come back to Cabinet for approval to spend with match funding from within current approved capital programme.
2. Cabinet approved the submission of an expression of interest to the Local Highways Maintenance Challenge fund of up to £20m for 2020/21 funding and note a further report will come back to Cabinet for approval to spend which will detail any source of required match funding.
3. Cabinet approved the 2019/20 capital budget is revised to £211.6m and the £39.7m underspend as per appendix B for 2019/20 is re-profiled to future periods.
4. Cabinet noted a risk of overspend on General fund services of £3.1m for 19/20 representing 0.8% of the approved budget (Appendix A).
5. Cabinet noted a forecasted balanced position with regard to the Housing Revenue Account.
6. Cabinet noted a forecasted balanced position for the Dedicated Schools Grant taking into account the planned contribution to reserves of £0.6m.
7. Cabinet noted a risk of overspend of £0.7m for Public health, which is being monitored.
8. Cabinet noted a forecast £39.7m underspend on the capital programme, albeit run-rate is more than 50% behind the curve.
9. Cabinet noted the Sundry Debt position of £18.9m over 90days as at Period 5. Individual directorate detail included under Appendix A1-6.
10. Cabinet noted £0.4m of S.106 resources is added to the Capital Programme as detailed in appendix B.