Decision details

Monthly financial report on revenue and capital spending against budget allocations including virements between budget heads

The Cabinet received the fifth financial monitoring report for 2009/10 financial year covering the period up to the end of August 2009 and noted the figure £439.0m in line 9 of paragraph 37 should have read £439K.

Councillor Mitchell highlighted that there were few variations from previous months.  There were still significant overspends in place and the County Council faced difficult times to meet its commitments.  He moved the recommendations.

Councillor Chapman advised that she would be undertaking a review of out of county placements.

Councillor Robertson complimented staff on progress made with regard to the Home to School Transport budget .

RESOLVED:

(a)              note the report CA6;

(b)              approve the virements as set out in Annex 2a to the report CA6;

(c)               note the updated transfer of excess inflation to the Efficiency Savings Reserve (paragraph 38 of the report CA6);

(d)              approve the request for £0.078m added to balances earlier this year to be removed to fund the transport capital programme (paragraph 40 of the report CA6) and

(e)              approve the updated capital programme included at Annex 7 to the report CA6.