Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This sets out the Council’s revenue budget monitoring position based on information to the end of September 2012, updates Cabinet on progress on balancing the Medium Term Financial Plan and plans for budget consultation.  (Key decision – reference number 3539)

(Report No.99)

(8.20 – 8.25 pm)

Councillor Doug Taylor (Leader of the Council) introduced the report of the Director of Finance, Resources and Customer Services (No.99) setting out the Council’s revenue budget monitoring position based on information to the end of September 2012, updating Cabinet on progress on balancing the Medium Term Financial Plan and plans for budget consultation.

NOTED Appendix 2 of the report which set out the efficiency savings which had been identified. The proposed savings had been subject to discussions with the individual Cabinet Members and Directors.

Alternative Options Considered: Not applicable to this report.

DECISION: The Cabinet

1.         noted the £191k underspend revenue outturn projection;

2.         agreed that departments reporting pressures should formulate and implement action plans to ensure that they remain within budget in 2012/13;

3.         noted the progress made to date in the preparation of the 2013/14 revenue budget and review of the Medium Term Financial Plan 2013-17 including £12.4m of efficiency savings over the period of the Medium Term Financial Plan listed in Appendix 2 to the report;

4.         agreed to delegate responsibility for determining and leading the 2013-14 Budget Consultation process to the Cabinet Member for Finance and Property in consultation with the Director of Finance, Resources and Customer Services.

Reason: To ensure that Members were aware of the projected budgetary position for the Authority, including all major budget pressures and underspends which had contributed to the present monthly position and that were likely to affect the final outturn. (Key decision – reference number 3539)