Issue - meetings

The Portfolio Holder for Corporate Finance and Resources to provide a report to Members to:

1)    provide financial progress information on the Capital Programme for the period 1 April 2019 – 30 June 2019;

2)    advise that, as at 30 June 2019, budget holders are forecasting an underspend of £31k on the programme;

3)    advise that the budget position is reported monthly at the Senior Leadership Team to ensure any early warnings that highlight pressures can be collectively resolved.

DECISIONS (NON-KEY)

1)  Cabinet NOTED the financial position on the Capital programme to 30 June 2019 and the year-end forecast.

2)  Cabinet APPROVED the additional allocated spend for Disabled Facilities Grants (DFGs) of £67k, increasing the budget for 2019-20 to £493k as noted in paragraph 6.4 of the report.

3)  Cabinet APPROVED an increase to the Melton Country Park Budget by £10k to £37k using funding received from The Ministry Of Housing Communities and Local Government (MHCLG) for the purpose of parks as noted in paragraph 6.6 of the report.

Reasons for recommendations:

The Council, having set an agreed Budget at the start of the financial year, needs to ensure the delivery of this Budget is achieved. Consequently there is a requirement to regularly monitor progress so corrective action can be taken when required which is enhanced with the regular reporting of the financial position.

In the absence of Councillor Ronnie de Burle, Portfolio Holder for Corporate Finance and Resources, Dawn Garton Director for Corporate Services introduced the report the purpose of which was to provide financial progress information on the Capital Programme for the period 1 April 2019 to 30 June 2019.

Mrs Garton provided a brief summary of the report confirming that the Capital Programme was expected to be in line with the budget, increases in budgets for the projects specified were being requested to take account of additional grant income that had been received as detailed in the report.

DECISIONS (NON-KEY)

1)  Cabinet NOTED the financial position on the Capital programme to 30 June 2019 and the year-end forecast.

2)  Cabinet APPROVED the additional allocated spend for Disabled Facilities Grants (DFGs) of £67k, increasing the budget for 2019-20 to £493k as noted in paragraph 6.4 of the report.

3)  Cabinet APPROVED an increase to the Melton Country Park Budget by £10k to £37k using funding received from The Ministry Of Housing Communities and Local Government (MHCLG) for the purpose of parks as noted in paragraph 6.6 of the report.

Reasons for decisions:

The Council, having set an agreed Budget at the start of the financial year, needs to ensure the delivery of this Budget is achieved. Consequently there is a requirement to regularly monitor progress so corrective action can be taken when required which is enhanced with the regular reporting of the financial position.