34 Budget Monitoring 2013/14 - April to July 2013 (Month 4) PDF 104 KB
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Minutes:
The Chief Finance Officer introduced the report on the Council’s capital and revenue position for the 2013/14 financial year as at 31 July 2013.
The General Fund position showed a projected end of year surplus of £7.0m against the total approved budget of £178.3m, which would result in the General Fund balance increasing to £24.4m. The Housing Revenue Account (HRA) showed a projected break-even position.
The Chief Finance Officer also referred to a number of proposed amendments, additions and deletions to the Capital Programme and to the proposed introduction of scrap metal licence charges from 1 October 2013 in view of the Council’s new responsibilities under the Scrap Metal Dealers Act 2013.
Cabinet resolved:
(i) To note the projected outturn position for 2013/14 of the Council’s revenue budget at 31 July 2013, as detailed in paragraphs 2.3 to 2.9 and Appendix A of the report;
(ii) To note the progress against the 2013/14 savings targets at 31 July 2013, as detailed in paragraph 2.10 and Appendix B of the report;
(iii) To approve the following charges for Scrap Metal licences, as referred to in paragraph 2.11 of the report;
Three Year Site License
New |
Renewal |
Variation |
£420 |
£320 |
£155 |
Three Year Collector’s License
New |
Renewal |
Variation |
£250 |
£170 |
£105 |
(iv) To note the position of the Housing Revenue Account at 31 July 2013, as detailed in paragraph 2.12 and Appendix C of the report;
(v) To note the projected outturn position for 2013/14 of the Council’s Capital Programme at 31 July 2013, as detailed in paragraph 2.13 and Appendix D of the report;
(vi) To approve the reprofiled Capital Programme as detailed in paragraph 2.13 and Appendix D; and
(vii) To approve the use of £0.288m of the centrally held contingency for essential highways safety works as detailed in paragraph 2.13 (c) of the report.