Decision details

Cllr Ray Theodoulou, Cabinet Member for Finance and Change, provided an update on the year-end forecast position for the 2016/17 County Council’s Revenue and Capital Budgets.

Having considered all of the information, including known proposals and the reasons for the recommendations, Cabinet noted the report and, 

RESOLVED to: -

1)    Note the forecast revenue year end position, as at the end of May 2016 for the 2016/17 financial year, of a net £0.16 million underspend,

2)    Note the forecast capital year end position of a small under-spend of £0.028 million for 2016/17.

3)    Agree the following changes to the capital programme:

a)    That the approved capital programme be increased by £0.3 million to fund capital works which will enable children centre buildings to be adapted and made suitable for the provision of a wider range of services. This increase will be funded by a revenue contribution from the Services to Families with Young Children Reserve.

b)    That a new £3.1 million scheme for a programme of structural patching be included in the approved capital programme, financed from £1.006 million DfT Pothole Action Fund grant, £0.807 million approved 2015/16 revenue contribution, £1.0 million from the Communities & Infrastructure reserve and a £0.28 million transfer from the Minor Works budget.

c)    That the approved capital programme be increased by £1.501 million for three flood alleviation schemes at Whaddon (£1.288 million), Anne Hathaway Drive, Churchdown (£0.071 million), and Medway Crescent, Brockworth (£0.142 million), financed by Flood Defence Grant Aid.

d)    That £0.231 million be transferred from the unallocated Basic Need grant funding to a new Lakefield C of E Primary School project, within the approved capital programme.

e)    That £0.5 million be transferred from the Future Secondary Basic Need allocation to the Pittville School project, within the approved capital programme.

f)     That a new £2.4 million scheme for Bournside School be included in the approved capital programme, financed from the transfer of £2.187 million from the Future Secondary Basic Need allocation and £0.213 million from s106 funding, increasing the overall capital programme by £0.213 million.

g)    That the £5.875 million scheme and the associated s106 contributions for a new school at Hunts Grove be removed from the approved capital programme, on the basis that the developer will be building the school.

h)    That a new £1.409 million scheme for Social Care projects be included in the approved capital programme, financed from Social Care Capital grant, increasing the overall approved capital programme by £1.409 million.

i)     that a new £0.51 million scheme for two Fire Appliances and a new £0.13 million scheme for Road Traffic Control Equipment be included in the approved capital programme for the Fire & Rescue Service, financed through a revenue contribution to capital from the capital financing budget.