Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2013/14 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end

Cabinet resolved:

(i)  To note the projected outturn position of the Council’s General Fund revenue budget at 31 August 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 August 2013, as detailed in paragraph 2.10 and Appendix B of the report;

(iii)  To note the position of the Housing Revenue Account (HRA) at 31 August 2013, as detailed in paragraph 2.11 and Appendix C of the report;

(iv)  To approve a revenue budget increase of £0.689m within the HRA in respect of Locality Services, as detailed in paragraph 2.11 of the report;

(v)  To note the projected outturn position of the Council’s Capital Programme at 31 August 2013, as detailed in paragraph 2.12 and Appendix D of the report;

(vi)  To approve the use of £250,000 Section 106 monies to meet the cost of archaeological works at the Barking Leisure Centre site, as detailed in paragraph 2.12 of the report;

(vii)  To approve the re-profiling of Housing General Fund budgets as detailed in Appendix E of the report; and

(viii)  To approve the transfer from Central Expenses to Council directorates of the £1m provision for the 1% increase in staff pay, as detailed in paragraph 2.9 of the report.