Issue - meetings

Cabinet Member: Leader

Forward Plan Ref: 2012/127

Contact: Kathy Wilcox, Principal Financial Manager Tel: (01865) 323981

Report by Assistant Chief Executive & Chief Finance Officer (CA7).

This report focuses on the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2012/13 – 2016/17.  Parts 1 and 2 include projections for revenue, reserves and balances as at the end of December 2012.   Capital monitoring is included at Part 3. Fees and Charges are included in Part 4.

The Cabinet is RECOMMENDED to:

(a)          note the report;

(b)         approve the virement requests over £0.250m set out in Annex 2a;

(c)          approve the charges for Heritage Service and Oxfordshire Customer Services as set out in paragraph 41 and Annex 9;

(d)         note the Treasury Management lending list at Annex 7;

Cabinet considered a report that focused on the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2012/13 – 2016/17.  Parts 1 and 2 included projections for revenue, reserves and balances as at the end of December 2012.   Capital monitoring was included at Part 3. Fees and Charges were included in Part 4.

Councillor Smith, Shadow Cabinet Member with responsibility for Finance welcomed the provision of a full list of earmarked reserves set out in the addenda. She noted that there were only minor variation to the predicted budgets but drew concern to pooled budgets where a large amount of money was held for clients. She queried why the personal budgets had not been spent and whether the assessments had been carried out properly. She welcomed the use of the efficiency reserve to allow the Councillor Community Budget to continue.

Councillor Hudspeth in formally moving the recommendations commented that the variation on the expected budget was small and the Council was in a good position.

RESOLVED:             to:

(a)          note the report;

(b)          approve the virement requests over £0.250m set out in Annex 2a;

(c)          approve the charges for Heritage Service and Oxfordshire Customer Services as set out in paragraph 41 and Annex 9;

(d)          note the Treasury Management lending list at Annex 7;

(e)       approve the use of £0.380m of the Efficiency Reserve in 2013/14 to fund the development of improved and joined up technical solutions for paying for journeys across Oxfordshire and beyond and to allow the Councillor Community Budget to be extended for another year, as set out in paragraph 1 above.