Decision - Targeted Budget Management (TBM) 2009/10 Month 9
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Decision details
Targeted Budget Management (TBM) 2009/10 Month 9
Decision Maker: Cabinet (pre 2012)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To update members on the Capital and Revenue
financial performance of the Authority's General Fund and Housing
Revenue Accounts at Month 9
Decision:
(1) That Cabinet notes the forecast outturn for the General Fund, Section 75 Partnerships and Housing Revenue Account (HRA) for 2009/10 as at month 9.
(2) That Cabinet approves the budget virement on the Dedicated Schools Grant to support schools Special Educational Needs costs set out in Appendix 1.
(3) That Cabinet notes the forecast outturn position on the capital budgets as at month 9.
(4) That Cabinet approves the changes to the capital budget as summarised in Appendix 3 and detailed in Appendices 4 – 7.
Reasons for the decision:
Budget monitoring is a key element of good financial management, which is necessary in order for the council to maintain financial stability and operate effectively.
The proposed budget allocations and capital budget changes are necessary to maintain a balanced programme and effective financial management.
Alternative options considered:
The forecast outturn position on council controlled budgets is an overspend of £0.066 million. Any overspend that exceeds risk provisions and contingencies will need to be funded from General Fund reserves, which will then need to be replenished as part of the 2010/11 budget and MTFS proposals.
Report author: Patrick Rice
Publication date: 11/02/2010
Date of decision: 11/02/2010
Decided at meeting: 11/02/2010 - Cabinet (pre 2012)
Effective from: 19/02/2010
Accompanying Documents: