Cabinet considered a report that covered the period to the end of April 2011 for both revenue and capital budgets. The report focused on significant issues around the delivery of the Directorate Business Strategies.
Councillor Zoé Patrick, Opposition Leader welcomed the allocation of the LAGBI funding to the Local Enterprise Partnership.
RESOLVED: to:
(a) note the report;
(b) approve the virement requests set out in Annex 2a;
(c) approve the allocation of £1.5m from the additional grant funding as set out in the Financial Monitoring report to Cabinet in April 2011 as set out in paragraph 20;
(d) approve the Supplementary Estimate request as set out in Annex 2e and paragraph 38;
(e) Approve a payment of £0.070m to the Oxfordshire Rural Community Council to support the Council's approach to Big Society to be funded from the Efficiency Reserve as set out in paragraph 34;
(f) agree the use of the remaining LABGI funding of £0.496m as set out in paragraph 42 and Annex 3;
(g) note the updated Treasury Management lending list at Annex 4; and
(h) recommend Council to note the changes to the Specified and Non-Specified Investment instruments section of the 2011/12 Treasury Management Strategy set out in paragraphs 45 to 48 and Annex 5.