Agenda item

Consideration was given to the Medium Term Financial Plan (revenue budgets) and to the Capital Programme for 2008-2009 to 2010-2011. Following discussion it was

RECOMMENDED:

(a)       that the budget pressures identified as unavoidable and high in Appendix A of the report be included within the Medium Term Financial Plan as follows:

2008-2009     £1.670m

2009-2010     £2.265m

2010-2011     £2.264m

(b)       that the recommended savings/additional income generation identified in Appendix A of the report be included within the Medium Term Financial Plan as follows:

2008-2009     £1.424m

2009-2010     £1.803m

2010-2011     £1.881m

(c)        that officers undertake a review of alternative methods of service delivery to achieve savings as identified in Appendix A;

(d)       that the Capital Programme for 2008-2009 to 2010-2011 be approved comprising all existing schemes and new “High” priority as detailed in Appendix G. In addition the programme be increased as follows:

2008-2009     by £360,000 to £9.166m

2009-2010     by £100,000 to £2.153m

2010-2011     by £100,000 to £1.557m

(d)       that authority be delegated to the Head of Financial Services, in consultation with the Portfolio Holder for Finance and the appropriate Heads of Service, to release capital funds subject to the receipt of a robust business case and an option appraisal demonstrating that value for money is being achieved;

(e)       that the capital scheme to replace the hot water system at the Dolphin Centre in 2007-2008 at a cost of £45,000 as set out in 16.3 of the report be approved; and

(f)         that the cost in respect of early retirement and redundancy be funded from balances.