Issue - meetings

Executive Board considered the attached report.

RECOMMENDED: That Council approve the revised Capital Programme 2018/19, as set out in paragraph 3.2 of the report.

          The Council considered a report of the Operational Director, Finance, which set out a number of revisions to the Council’s 2018/19 Capital Programme.

          RESOLVED: That the revisions to the Council’s 2018/19 Capital Programme, as set out in paragraph 3.2 of the report, be approved.

The Board considered a report of the Operational Director, Finance, which reported on the 2018/19 Quarter 2 spending as at 30 September 2018.

A summary of spending against the revenue budget up to 30 September 2018 was attached to the report at Appendix 1, along with individual statements for each department. The Board was advised that, in overall terms, revenue expenditure was £2.515m above the budget profile at this stage. It was reported that over the last quarter, the rate of spending had continued at a faster pace than for the first three months of the financial year. If current spending patterns continued, projections showed that the Council would have a year-end outturn overspend position of approximately £5.3m, if no corrective action was taken.

It was further noted that within the overall budget position for the quarter, the key budget variances were in the Children and Families Department (Out of Borough Residential Places and Out of Borough Fostering); Community and Environment Department; Complex Care Pool;  Education, Inclusion and Provision; and Corporate and Democracy.

The Capital Programme had been revised to reflect a number of changes in spending profiles and funding as schemes had developed and these were detailed in Appendix 2, attached to the report.

RESOLVED: That

1)    all spending continues to be limited to only absolutely essential items;

2)    Strategic Directors take appropriate action to ensure overall spending is contained as far as possible within their total operational budget by year-end; and

3)    Council be recommended to approve the revised Capital Programme as set out in Appendix 2 attached to the report.