Issue - meetings
First Quarter Budget Monitoring 2015/16
Meeting: 23/09/2015 - Policy and Resources Committee (Item 61)
61 Report of the Head of Finance and Resources - First Quarter Budget Monitoring 2015/16 
PDF 119 KB
Additional documents:
- Appendix A - Committee Budget Report to June 2015, item 61
PDF 150 KB
- Appendix B - Council Budget Monitoring Summary to June 2015, item 61
PDF 97 KB
- Appendix C - Capital Monitoring Report to June 2015, item 61
PDF 61 KB
- Appendix D - Investments at 30 June 2015, item 61
PDF 92 KB
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.
Minutes:
The Committee
considered the report of the Head of Finance and Resources which
set out the current position with regards to both revenue and
capital expenditure against the approved budgets, and also included
sections on Collection Fund performance and Treasury Management
performance.
Members felt that the revenue and expenditure from Mote Park should
be categorised under Mote Park Operation; Parking Charges; and
Cafeteria. Officers undertook to
produce a memorandum account to make this clearer.
RESOLVED:
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.
Voting:
For: 11 Against: 3
Abstention:
1
Councillor McLoughlin left the meeting after this item was
discussed.