Issue - meetings
Revenue and Capital Monitoring - 30 September 2018
Meeting: 29/11/2018 - Policy and Resources Scrutiny Committee (Item 502)
502 Revenue and Capital Budget Monitoring 2018/19 to 30 September 2018 
PDF 103 KB
Minute 436 (Cabinet Book 3, Agenda item No. 17 refers)
Called-in by Councillors R Woodley and M Terry
(Also called-in to the Place Scrutiny Committee and People Scrutiny Committee)
Additional documents:
Minutes:
The Committee considered Minute 436 of the meeting of Cabinet held on 6th November 2018, which had been called in to scrutiny, together with a report of the Strategic Director (Finance & Resources) setting out the Council’s revenue and capital budgetary performance as at September 2018.
Resolved:-
That the following recommendations of Cabinet be noted:-
“In respect of the 2018/19 Revenue Budget Monitoring, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and Housing Revenue Account, as at September 2018, be noted.
1.2 That the planned management actions of £3,230,000 to achieve that forecast outturn, be noted.
1.3 That the planned budget transfers (virements) of £2,610,170, be approved.
1.4 That the potential transfer of £1,293,000 from the Business Transformation Reserve in respect of the forecast General Fund overspend unless further management action and savings are identified to rebalance the budget, be noted.
1.5 That the potential transfer of £93,000 to the HRA Capital Investment Reserve in respect of the forecast HRA underspend, be noted.
In respect of the 2018/19 Capital Budget Monitoring, as set out in Appendix 2 to the submitted report:
1.6 The expenditure to date and the forecast outturn as at September 2018 and its financing, be noted.
1.7 That the requested changes to the 2018/19 capital programme as set out in Section 2 of Appendix 2, be approved.”
Note: This is a Council Function
Cabinet Member: Cllr Lamb
Meeting: 27/11/2018 - People Scrutiny Committee (Item 487)
487 Revenue and Capital Budget Monitoring 2018/19 to 30 September 2018 PDF 103 KB
Minute 436 (Cabinet Book 3, Agenda Item No. 17 refers)
Called in by Councillors M Borton, C Willis, R Woodley and M Terry
(Also called-in to the Place Scrutiny Committee and Policy & Resources Scrutiny Committee)
Additional documents:
Minutes:
The Committee considered Minute 436 of the meeting of Cabinet held on 6th November 2018, which had been called in to scrutiny, together with a report of the Strategic Director (Finance & Resources) setting out the Council’s revenue and capital budgetary performance as at September 2018.
In response to questions about the financial position at end year, the Deputy Chief Executive (People) said that he would provide further details on the cost pressures on the Children’s Social Care 0-16 budget (bulges at under 5’s and teenage years in particular). With regard to the adults and housing budget, the Director also agreed to find details on the (small) numbers of agency staff used in adult services.
Resolved:-
That the following recommendations of Cabinet be noted:-
“In respect of the 2018/19 Revenue Budget Monitoring, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and Housing Revenue Account, as at September 2018, be noted.
1.2 That the planned management actions of £3,230,000 to achieve that forecast outturn, be noted.
1.3 That the planned budget transfers (virements) of £2,610,170, be approved.
1.4 That the potential transfer of £1,293,000 from the Business Transformation Reserve in respect of the forecast General Fund overspend unless further management action and savings are identified to rebalance the budget, be noted.
1.5 That the potential transfer of £93,000 to the HRA Capital Investment Reserve in respect of the forecast HRA underspend, be noted.
In respect of the 2018/19 Capital Budget Monitoring, as set out in Appendix 2 to the submitted report:
1.6 The expenditure to date and the forecast outturn as at September 2018 and its financing, be noted.
1.7 That the requested changes to the 2018/19 capital programme as set out in Section 2 of Appendix 2, be approved.”
Note: This is a Council Function
Cabinet Member: Cllr Lamb
Meeting: 26/11/2018 - Place Scrutiny Committee (Item 473)
473 Revenue and Capital Budget Monitoring 2018/19 to 30 September 2018 PDF 103 KB
Minute 436 (Cabinet Book 3, Agenda Item No. 17 refers)
Called-in Councillors Woodley and Terry
(Also called-in to People Scrutiny Committee and Policy & Resources Scrutiny Committee)
Additional documents:
Minutes:
The Committee considered Minute 436 of the meeting of the Cabinet held on 6th November 2018, which had been called-in for Scrutiny, together with the report of the Deputy Chief Executive (Place), setting out the Council’s revenue and capital budgetary performance as at September 2018.
Resolved:-
That the following recommendations of Cabinet be noted:
“In respect of the 2018/19 Revenue Budget Monitoring, as set out in Appendix 1 to the submitted report:
1.1 That the forecast outturn for the General Fund and Housing Revenue Account, as at September 2018, be noted.
1.2 That the planned management actions of £3,230,000 to achieve that forecast outturn, be noted.
1.3 That the planned budget transfers (virements) of £2,610,170, be approved.
1.4 That the potential transfer of £1,293,000 from the Business Transformation Reserve in respect of the forecast General Fund overspend unless further management action and savings are identified to rebalance the budget, be noted.
1.5 That the potential transfer of £93,000 to the HRA Capital Investment Reserve in respect of the forecast HRA underspend, be noted.
In respect of the 2018/19 Capital Budget Monitoring, as set out in Appendix 2 to the submitted report:
1.6 The expenditure to date and the forecast outturn as at September 2018 and its financing, be noted.
1.7 That the requested changes to the 2018/19 capital programme as set out in Section 2 of Appendix 2, be approved.”
Note: This is a Council Function
Cabinet Member: Cllr Lamb
Meeting: 06/11/2018 - Cabinet (Item 436)
436 Revenue and Capital Budget Monitoring 2018/19 to 30 September 2018 PDF 103 KB
Report of Strategic Director (Finance and Resources) attached
Additional documents:
Decision:
The Cabinet considered a report of the Strategic Director (Finance & Resources) setting out the Council’s revenue and capital budgetary performance as at September 2018.
Recommended:
In respect of the 2018/19 Revenue Budget Monitoring, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and Housing Revenue Account, as at September 2018, be noted.
1.2 That the planned management actions of £3,230,000 to achieve that forecast outturn, be noted.
1.3 That the planned budget transfers (virements) of £2,610,170, be approved.
1.4 That the potential transfer of £1,293,000 from the Business Transformation Reserve in respect of the forecast General Fund overspend unless further management action and savings are identified to rebalance the budget, be noted.
1.5 That the potential transfer of £93,000 to the HRA Capital Investment Reserve in respect of the forecast HRA underspend, be noted.
In respect of the 2018/19 Capital Budget Monitoring, as set out in Appendix 2 to the submitted report:
1.6 The expenditure to date and the forecast outturn as at September 2018 and its financing, be noted.
1.7 That the requested changes to the 2018/19 capital programme as set out in Section 2 of Appendix 2, be approved.
Reasons for decision:
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council.
Other options:
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the reporting schedule provides the appropriate balance to allow strategic oversight of the budget by councillors and to manage the Council’s exposure to financial risk.
Note: This is a Council Function
Eligible for call-in to: All three Scrutiny Committees
Cabinet Member: Cllr Lamb
Minutes:
The Cabinet considered a report of the Strategic Director (Finance & Resources) setting out the Council’s revenue and capital budgetary performance as at September 2018.
Recommended:
In respect of the 2018/19 Revenue Budget Monitoring, as set out in Appendix 1 to the submitted report:
1. That the forecast outturn for the General Fund and Housing Revenue Account, as at September 2018, be noted.
1.2 That the planned management actions of £3,230,000 to achieve that forecast outturn, be noted.
1.3 That the planned budget transfers (virements) of £2,610,170, be approved.
1.4 That the potential transfer of £1,293,000 from the Business Transformation Reserve in respect of the forecast General Fund overspend unless further management action and savings are identified to rebalance the budget, be noted.
1.5 That the potential transfer of £93,000 to the HRA Capital Investment Reserve in respect of the forecast HRA underspend, be noted.
In respect of the 2018/19 Capital Budget Monitoring, as set out in Appendix 2 to the submitted report:
1.6 The expenditure to date and the forecast outturn as at September 2018 and its financing, be noted.
1.7 That the requested changes to the 2018/19 capital programme as set out in Section 2 of Appendix 2, be approved.
Reasons for decision:
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council.
Other options:
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the reporting schedule provides the appropriate balance to allow strategic oversight of the budget by councillors and to manage the Council’s exposure to financial risk.
Note: This is a Council Function
Eligible for call-in to: All three Scrutiny Committees
Cabinet Member: Cllr Lamb
