Issue - meetings

The Cabinet considered a report on the Council’s financial position for April to June 2012.

It was noted that at the end of Quarter 1 there was an underspend of £25,000 in respect of the revenue budget. In relation to the overspend in respect of Environmental Services, it was noted this was due to lower income than projected and that an action plan to address this shortfall would be considered as part of the Quarter 2 report. In addition, in response to a query from Members, the Executive Director Finance and Corporate resources undertook to check the position on Planning Development Control fees.

RESOLVED:

(a)       that the current financial position in respect of  revenue and capital as detailed in the report be noted;

(b)       that £50,000 be released from the ICT Refresh Reserves Budget and be approved for planned capital expenditure in respect of the purchase of XP Sunray Servers and additional corporate electronic storage capacity; and

(c)        that the virement detailed in the appendix to the report relating to the allocation of savings be approved.

RECOMMENDED:

(a)       that £70,000 from the revenue budget be approved for capital expenditure for the purchase of Sunray devices, Upgrade to Office 2010 and new ESX Servers; and

(b)       that the capital budget in respect of Sanders Park be increased by 35,000, to reflect the funding of £20,000 received from the County Council and the grant of £15,000 from the Rotary Club for the further improvement of the quality and range of facilities at the park.