Issue - meetings

Executive Board had considered the attached report.

RECOMMENDED: That the revisions to the Council’s 2015/16 Capital Programme set out in paragraph 3.2 of the report, be approved.

          Executive Board had considered the report of the Operational Director, Finance, on the 2015/16 Revised Capital Programme.

          RESOLVED: That the revisions to the Council’s 2015/16 Capital Programme, as set out in paragraph 3.2 of the report, be approved.

The Board considered a report of the Operational Director, Finance, which reported on the 2015/16 Quarter 2 Spending as at 30 September 2015.

A summary of spending against the revenue budget up to 30 September 2015 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 the staff turnover savings target;

·       Expenditure on general supplies and services;

·       High demand for services within the Children’s and Families Department;

·       Spending on employees and the use of agency staff;

·       The proposed allocation of £0.5m of the contingency budget to help mitigate budget and service pressures in the Children and Families Department;

·       Net expenditure within the Economy, Enterprise and Property Department;

·       The Complex Care Pool budget;

·       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. The schemes that had been revised within the programme were listed within the report.

RESOLVED: That

1)    all spending continues to be limited to the absolute minimum;

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

3)    the transfer of £0.5m from the 2015/16 contingency budget to the Children and Families Department, as outlined in paragraph 3.7, be approved; and

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