Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2016/17 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end.

The Cabinet resolved to:

(i)  Note the projected outturn position for 2016/17 of the Council’s General Fund revenue budget at 31 July 2016, as detailed in paragraphs 2.1 to 2.19 and Appendix A of the report;

(ii)  Agree to rescind the decision made by Minute 82(vi) (19 January 2016) to fund the £2m of the initial stages of the Transformation Programme from reserves and instead for the funding to be met from capital receipts, subject to an in depth review of capital receipts and the cost of the programme overall by the Strategic Director of Finance and Investment which shall be reported as part of the MTFS to a future meeting;

(iii)  Note the overall position for the HRA at 31 July 2016, as detailed in paragraph 2.20 of the report;

(iv)  Note the progress made on budgeted savings to date as detailed in paragraph 2.27 and Appendix B of the report;

(v)  Note the projected outturn position for 2016/17 of the Council’s capital budget as at 31 July 2016, as detailed in paragraph 2.28 to 2.33 and Appendix C of the report; and

(vi)  Approve virements from the Central Expenses budget in respect of the annual pay award (£2,635,500) and Microsoft IT licences (£380,000), as detailed in paragraph 2.34 of the report.