Issue - meetings

Cabinet Member: Finance & Police

Forward Plan Ref: 2012/006

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

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

This is the first report for 2012/13 and covers the period to the end of April 2012 for both revenue and capital budgets.  The report focuses on significant issues around the on-going delivery of the Directorate Business Strategies.  

Cabinet is RECOMMENDED to:

(a)              note the report;

(b)              approve the virement requests set out in Annex 3a;

(c)               approve the creation of a new reserve for Thriving Families as set out in paragraph 31;

(d)              note the updated Treasury Management lending list at Annex 4.

Cabinet considered the first in a series of regular reports for 2012/13 that covered the period to the end of April 2012 for both revenue and capital budgets.  The report focused on significant issues around the on-going delivery of the Directorate Business Strategies.  These were approved by Council in February 2011 and subsequently reviewed as part of the 2012/13 Service & Resource Planning process.

Councillor Roz Smith, Shadow Cabinet Member for Finance & Police, commented that the Liberal Democrat Group recognised the risks involved in making savings and there were known unknowns that had led them to put more money into adult services in their proposed budget in February. The Leader recognised that there were indeed known unknowns but that the Council was committed to making medium term savings.

RESOLVED:             to:

(a)       note the report;

(b)       approve the virement requests set out in Annex 3a;

(c)        approve the creation of a new reserve for Thriving Families as set out in paragraph 31;

(d)       note the updated Treasury Management lending list at Annex 4.