Issue - meetings

The Cabinet considered a report on the Council’s financial position for the period April to December 2013 together with a number of budget amendments.

Members commented on the good work undertaken by officers in the current economic circumstances to reach a position of a projected overspend of £135,000 at this stage. It was anticipated that savings would be made within the final quarter of the financial year and that this figure would be reduced.

It was noted that it had not been possible to complete a number of capital schemes during the current financial year and that officers were requesting that the capital funding be carried forward to the following year’s capital programme.

Following discussion it was

RESOLVED  that the current financial position in respect of revenue and capital, as detailed in the report, be noted.

RECOMMENDED:

(a)       that £30,000 from the ICT revenue budget be approved for capital expenditure for the purchase of new computer equipment;

(b)       that capital funding totalling £45,000 be reallocated to the project at Barnsley Hall as set out in section 3.1.3 of the report;

(c)        that £32,000 of Section 106 funding from Holy Cross Lodge, Clent be carried forward into 2013/2014;

(d)       that the remaining £49,600 of Section 106 funding for the scheme at Heath Close, Stoke Heath be carried forward into 2013/2014;

(e)       that £15,000 capital funding in respect of  repairs and maintenance of bridges be carried forward into 2013/2014;

(f)         that £200,000 capital funding in respect of affordable housing development be carried forward to 2013/2014;

(g)       that £25,000 in respect of toilets in Bromsgrove Cemetery be carried forward to 2013/2014; and

(h)        that £10,000 in respect of Members’ ICT facilities be carried forward to 2013/2014.