Decision details

The Cabinet will be asked to approve the Council’s revenue and capital outturn position for 2013/14 and, if necessary, any appropriate in-year budget adjustments.

Cabinet resolved:

(i)  To note the final outturn position for 2013/14 of the Council’s revenue budget as detailed in paragraphs 2.3 to 2.10 and Appendix A of the report;

(ii)  To note the outturn against the 2013/14 savings targets as detailed in paragraph 2.11 of the report;

(iii)   To note the final outturn position for the Housing Revenue Account (HRA) as detailed in paragraph 2.8 and Appendix C of the report;

(iv)  To approve the requests to roll forward revenue budgets into 2014/15 and the resulting budget amendments as detailed in Appendix B to the report;

(v)  To approve the request to drawdown the sum of £1.5m from the Children’s Services reserve to balance the 2013/14 budget position for Children’s Services;

(vi)  To note the final outturn position for 2013/14 of the Council’s capital budget as detailed in paragraph 2.12 of the report and agree the roll forward requests as detailed in Appendix D to the report;

(vii)  To approve the revised capital programme for 2014/15 as shown in Appendix F and the HRA five year programme as shown in Appendix G to the report;

(viii)  To approve the transfer of the Abbey Road new build scheme from the HRA to the General Fund with all expenditure to be funded from European Investment Bank borrowing; and

(ix)  To approve a budget virement of £0.5m from the Central Expenses budget to the Housing and Environment budget to fund a provision for bad and doubtful debts on the Temporary Accommodation budget, as detailed in paragraph 2.8 of the report.