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Minutes:
Matter for
Decision
The report presented a
summary of the 2014/15 outturn position (actual income and expenditure) for
services within the Finance & Resources Portfolio, compared to the final
budget for the year. The position for revenue
and capital was reported and variances from budgets were highlighted, together
with explanations. Requests to carry
forward funding arising from certain budget underspends into 2015/16 were
identified.
Decision
of Executive Councillor for Finance and Resources
The
Executive Councillor:
i.
Agreed
the carry forward requests totalling £153,310 as
detailed in Appendix C of the Officer’s report, to be recommended to Council
for approval.
ii.
Agreed
to seek approval from Council to carry forward capital resources to fund rephased net capital spending of £1,542,000 from 2014/15
into 2015/16, as detailed in Appendix D of the Officer’s report.
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 regarding the 2014/15 outturn position.
The Committee made the following comments in response to the report:
i.
There appeared to be significant slippage on a
number of items in the Capital Programme.
ii.
Requested that more details on slippages be
included in future reports.
In response to Members’ questions the Head of Finance said that whilst
the Capital Plan did phase planned spending, slippages still happened.
Councillor Owers stated that this report was
based on the budget set by the previous administration. In future, slippages
would be reviewed and would be subject to removal from the plan. . Later on the
agenda of the meeting there was an item on Capital Plan Processes which sought
to introduce a new system to remedy the slippage problems inherited from the
previous administration. He acknowledged that some projects, such as Clay Farm,
were dependant on external bodies and therefore slippages were beyond the
control of the council.
The Committee resolved by 6 votes to 0 to endorse the recommendations.
The Executive Councillor approved the recommendations.