Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2010/11 and if necessary consider proposals for in year adjustments aimed at achieving a balanced budget position at the year end

The Cabinet Member for Finance, Revenues and Benefits presented a report on the Council’s revenue and capital budget position for 2011/12 as at 30 June 2011. 

The General Fund revenue expenditure showed a project overspend for the full year of £4.5m against the approved budget of £183.4m, as a consequence of overspends in areas of Children’s Services (Complex Needs and Social Care), Customer Services (reduced income and cost pressures in Housing and Environmental divisions) and Finance and Resources (due to an over-stated income budget in Revenues and Benefits).  In respect of the £1.5m pressure within the Revenues and Benefits service, the Cabinet Member agreed to provide Cabinet colleagues with full details of the cause and the steps taken to ensure that it would not be repeated.  He also confirmed that the next budget monitoring report to Cabinet would include a proposal to redress the position.

The Housing Revenue Account (HRA) was projected to overspend by £0.16m while the Capital Programme showed a projected underspend of £12.078m against the current budget for the year of £145.939m.  In respect of the latter, the Cabinet Member referred to the proposed reprofiling of a number of schemes to reflect the current funding position.

Cabinet agreed:-

  (i)  To note the projected outturn position for 2011/12 of the Council’s revenue and capital budgets as detailed in paragraphs 3 and 6 and Appendix A of the report;

  (ii)  To note the progress against the 2011/12 savings targets referred to in paragraph 4 and Appendix B of the report;

 (iii)  To note the position for the HRA as detailed in paragraph 5 and Appendix C of the report;

 (iv)  To approve the following:

a.  The transfer of £330,000 Think Family Funding from Children’s Services to Adult and Community Services, to support youth offending services;

b.  The Capital Programme budget adjustments as detailed in Appendix E to the report.