Decision details

The Cabinet will be asked to approve the Council’s revenue and capital provisional outturn position for 2014/15 and, if necessary, any appropriate in-year budget adjustments.

Cabinet resolved to:

(i)  Note the provisional outturn position for 2014/15 of the Council’s revenue budget, which showed a £70,000 overspend, as detailed in paragraphs 2.1 to 2.10 and Appendix A of the report;

(ii)  Note the provisional outturn against the 2014/15 savings targets, which showed a £510,000 shortfall against the target of £8.721m, as detailed in paragraph 2.11 and Appendix B of the report;

(iii)  Note the provisional outturn break-even position for the Housing Revenue Account as detailed in paragraph 2.7 and Appendix C of the report and the transfer of the commercial properties to the General Fund, as approved by the Council’s external auditors;

(iv)  Approve the requests to roll forward revenue budgets into 2015/16 totalling £6.22m and the resulting budget amendments, as detailed in Appendix D of the report;

(v)  Note the provisional outturn position for 2014/15 of the Council’s capital budget, which showed a spend of £128.9m against the revised budget of £143.1m, as detailed in paragraph 2.12 and Appendices E and F of the report;

(vi)  Approve the requests to roll forward slippage and re-profiled spend in capital projects to 2015/16, giving a revised capital budget of £130.12m for 2015/16, as detailed in Appendix E of the report; and

(vii)  Decline the request from the Public Accounts and Audit Select Committee for funding for an external review of officers’ financial evaluation which supported the recommendations of the “Rationalisation of Corporate Office Portfolio” report approved by Cabinet on 16 December 2014 (Minute 78).