| Reference Number :- | 2591 |
| Date :- | 2015/09/04 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Corporate Budget Monitoring for First Quarter 2015-16 |
| Decision :- | That: (a) the financial position, as at the end of June 2015, was noted; (b) the 2015/16 budget to be amended to reflect favourable variances emerging so far to date as follows: • £0.075m reduction in salary budgets; • £0.100m increase in Planning Fees; • £0.251m receivable in Government Grants; • £0.426m Contribution to Reserves (being the total of the above transferred to the Austerity Reserve); (c) in respect of the 2015/16 budget it was agreed that: (1) the Corporate Director (Life Opportunities), in consultation with the Leisure Portfolio Holder, was authorised to amend the Leisure Facilities budgets to better reflect the actual operational position, with no overall impact on the net financial position of the Council; (2) various budgets relating to regeneration to be transferred into the Business Investment and Growth Budget along the lines detailed in the report; (3) the Finance and Procurement Manager was authorised to amend budgets during the year to reflect organisational restructures with no change in the purpose of the originally agreed budgets. |
| Reason for Decision :- | Having considered the information in the Corporate Budget Monitoring Report. |
| Alternative Options Considered :- | None. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. Consultation with Ward Member: N/A. |
| Contact Officer :- | Finance and Procurement Manager - Richard Barrett |
| Decision to Take Effect at end of :- | 2015/09/11 |
| Attachments :- | A.7 Corporate Budget Monitoring Report (761K/bytes) |