Issue - meetings

Executive Board considered a report of the Operational Director, Finance, on the 2013/14 Capital Programme.

RECOMMENDED: That Council approves the revisions to the Council’s 2013/14 Capital Programme set out in paragraph 3.2 of the report.

The Executive Board had considered a report of the Operational Director, Finance, on the 2013/14 revised Capital Programme.

The Council’s Capital Programme had been revised to reflect a number of changes in spending profiles and funding, as schemes developed. These were detailed in Appendix 1.

RESOLVED: That the revisions to the Council’s 2013/14 Capital Programme set out in paragraph 3.2 of the report be approved.

The Board considered a report of the Operational Director, Finance, on the Council’s overall revenue and capital spending position to 31 December 2013.

          A summary of spending against the revenue budget up to 31 December 2013 was attached to the report at Appendix 1. This provided individual statements for each department. The Board was advised that in overall terms, the revenue expenditure was £0.9m below the budget profile, although this was only a guide to eventual spending.

          It was reported that on 11 December 2013, the Council had approved the early implementation of budget savings for 2014/15 totalling £6.5m. A number of those would provide part year saving in 2013/14 and would assist in keeping overall spending within budget at year end.    

          The report contained details on a number of significant areas of the budget including:

·       The employee budget, vacant posts, overtime and agency staff;

·       Expenditure on general supplies and services;

·       Children’s residential placements;

·       Spending on in-house adoption;

·       The Complex Care Pooled Budget (attached at Appendix 2);

·       The collection rate for Council Tax and Business Rates; and

·       The Council’s net overall spending.

          The report also outlined details of a revision to the capital spending programme at Appendix 3 and monitoring of the Council’s balance sheet.

RESOLVED: That

1)    all spending continues to be limited to the absolutely essential;

2)    Strategic Directors ensure overall spending at year-end is within the total operational budget; and

3)      Council be recommended to approve the revised Capital programme as set out in Appendix 3.