Decision details

To approve specific revenue and capital budget carry forward requests from 2015/16 into 2016/17.

Matter for Decision

The report presented a summary for the Strategy and Transformation Portfolio of the actual income and expenditure compared to the final budget for 2015/16 (outturn position). The revenue and capital budget variances with explanations and specific requests to carry forward funding available from budget underspends into 2016/17.

Decision of the Leader

Requested that the Executive Councillor for Finance and Resources approved:

     i.        Carry forward requests totaling £122.65k revenue funding from 2015/16 to 2016/17 as detailed in Appendix C.

    ii.        Carry forward requests of £325k capital resources from 2015/16 to 2016/17 to fund rephased net capital spending as detailed in Appendix D.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Head of Finance.

The Committee made the following comments in response to the report:

     i.        Questioned if there was a different way to present variance information.

    ii.        Questioned if the over and underspends on p335 of the agenda packs were one off savings or whether permanent savings could be made.

The Head of Finance said the following in response to Members’ questions:

    i.          Next year individual overhead variances would be shown against originating cost centres for clarity.

  ii.          The underspends were only one-off savings not permanent.

The Committee resolved by 4 votes to 0 to endorse the recommendations.

The Leader approved the recommendation.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.