Decision details
BUDGET MONITORING REPORT 2009/10
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To report December’s budget monitoring information and provide an indication of estimated outturn for both revenue and capital to 31 March 2010. This includes approval of virements set out in Appendix A which are required to fund service deficits. The report also focuses on treasury management activities in the first nine months of 2009/10.
Decision:
THAT Cabinet:
a) note the report and its approach to delivering a balanced outturn position at year end; and
b) approve the transfer of the Winter Maintenance Reserve to Highways to support expenditure incurred as a result of recent bad weather.
Reasons for the decision:
1. To ensure Cabinet is informed of the forecast outturn for 2009/10, and supports actions as necessary to ensure a balanced outturn position is delivered, including use of virements to fund the revenue deficits and reprofiling of capital funding where schemes have slipped into 2010-11.
2. To ensure that Cabinet is kept informed of treasury management activities in accordance with CIPFAs recommended best practice.
Alternative options considered:
There are no alternative options.
Wards Affected: (All Wards);
Publication date: 19/02/2010
Date of decision: 18/02/2010