Decision details
Budget Monitoring Report
PDF 55 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To provide Cabinet with an updated position on the projected outturn for 2014/15 and to approve the centralisation of certain budgets via a budget virement to improve budgetary control.
Decision:
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THAT: (a) Cabinet notes the council is projected to spend within its budget for this financial year; (b) Cabinet notes the capital and treasury projected outturns; and (c) Cabinet agrees the virement of 14/15 budgets, including £7m of budgets from services to centralised area to improve budgetary control and improve value for money.
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Reasons for the decision:
The forecast outturn for the year, based on spend to the end of May 2014, is a break-even position.
Alternative options considered:
There are no alternative options
Contact: Peter Robinson, Director of Resources Email: Peter.Robinson@herefordshire.gov.uk.
Publication date: 31/07/2014
Date of decision: 31/07/2014
Decided at meeting: 31/07/2014 - Cabinet
Effective from: 06/08/2014
Accompanying Documents: