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Decision details

First Quarter Budget Monitoring 2015/16

Decision Maker: Policy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider the capital and revenue budget and expenditure figures for the first quarter of 2015/16 along with other financial matters with a material effect on the medium term financial strategy or the balance sheet.

Decision:

1)  That a working group of the full Committee (or Substitutes) be established which would be supported by officers to identify robust and deliverable savings proposals;

2)  That the revenue budget position at the end of the first quarter and the action proposed or being taken by each service committee as set out in table 2, paragraph 2.14 of the report of the Head of Finance and Resources be noted;

3)  That the proposed slippage in the capital programme of £2,875,985 into 2016/17 as detailed in paragraph 2.19 of the report of the Head of Finance and Resources be approved;

4)  That the performance of the collection fund and the estimated level of balances at the year end be noted;

5)  That the performance in relation to the treasury management strategy for the first quarter of 2015/16 be noted; and

6)  That Officers produce a memorandum account for Mote Park.

 

Wards Affected: (All Wards);

Contact: Paul Riley 01622 602396 Email: paulriley@maidstone.gov.uk.

Report author: Paul Riley

Publication date: 25/09/2015

Date of decision: 23/09/2015

Decided: 23/09/2015 - Policy and Resources Committee

Effective from: 03/10/2015

Accompanying Documents: