Issue - meetings

Executive Board considered the attached report’

RECOMMENDED: That Council approve the revisions to the Council’s 2014/15 Capital Programme set out in paragraph 3.2 of the report.

          Executive Board had considered a report of the Operational Director, Finance, which reported on the 2014/15 Half Year Spending as at 30 September 2014.

          RESOLVED:That the revisions to the Council’s 2014/15 Capital Programme set out in paragraph 3.2 of the report, be approved.

The Board received a report of the Operational Director, Finance, which reported on the 2014/15 Half Year Spending as at 30 September 2014.

          A summary of spending against the revenue budget up to 30 September 2014 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 below the budget profile, although this was only a guide to eventual spending.

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

• The employee budget and vacant posts;
• Expenditure on general supplies and services;
• Children’s Out of Borough residential placements;
• Spending on in-house adoption;
• Budget pressures on some budgeted income targets;
• The collection rate for Council Tax and the retained element of 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. Schemes that had been revised within the programme were listed within the report.

RESOLVED: That

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

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

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