Issue - meetings

Cabinet Member: Finance & Property

Forward Plan Ref: 2011/111

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

Report by Assistant Chief Executive & Chief Finance Officer (CA6).

This report focuses on significant issues around the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2011/12 – 2015/16.  These form part of the forecast position for each Directorate.  Parts 1 and 2 include projections for revenue, reserves and balances as at the end of August 2011.  The capital monitoring and programme update is included at Part 3. Fees and Charges are included in Part 4.

The Cabinet is RECOMMENDED to:

a)                 note the report and approve the virements as set out in Annex 2a;

b)                Agree the bad debt write off as set out in paragraph 41;

c)                 Approve the changes to the Capital Programme as set out in annex 9c;

d)                 Approve the updated Capital Programme included at Annex 10; and

e)                 Approve the proposed fees and charges for the Oxfordshire History Centre as set out in Part 4 and Annex 11 to be effective from 1 November 2011.

Councillor Alan Armitage, Shadow Cabinet Member for Finance & Property welcomed the good news at paragraph 28 on the underspend in the concessionary fares scheme. He highlighted activity levels on recycling and composting and referred to the lowering effect on the County average of the City Council levels and hoped that this could be drawn to their attention. In the context of reduced levels of waste he questioned whether the EfW plant at Ardley was over specified.

The Cabinet Member for Finance & Property summarised the contents of the report highlighting that there was not a great deal of change from the previous month and that the figures were close to the expected budget. He congratulated all involved particularly in the light of the large savings to be made.

RESOLVED:             to:

(a)       note the report and approve the virements as set out in Annex 2a;

(b)       Agree the bad debt write off as set out in paragraph 41;

(c)        Approve the changes to the Capital Programme as set out in annex 9c;

(d)       Approve the updated Capital Programme included at Annex 10; and

(e)       Approve the proposed fees and charges for the Oxfordshire History Centre as set out in Part 4 and Annex 11 to be effective from 1 November 2011.