Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Cllr Ray Theodoulou, Cabinet Member for Finance and Change, gave an update on the year-end forecast for the 2017/18 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,
1. Note the forecast revenue year end position as at the end of July 2017 for the 2017/18 financial year of a net £1.873 million overspend.
2. Agree the following revenue contributions to capital of:
2.1 £0.066 million under spend in Property revenue budgets
towards the Fire capital programme
2.2 £0.053 million from the Highways Commissioning revenue
towards the Minor Works and Highways Locals capital
3. Approve £0.300 million transfer from the Services to Families with Young Children reserve to the Children’s Centre revenue budget to fund revenue start up costs.
4. Note the forecast capital year end position for 2017/18 of £0.420 million slippage.
5. Approve the following changes to the Capital Programme totalling £1.519 million.
5.1The deletion of the £0.300 million capital project for Children’s Centres improvements from the Children & Families Capital Programme, no longer required (see recommendation 3 above).
5.2 A new £0.250 million scheme for an additional classroom at Rissington Primary School, funded by a budget virement from unallocated schools capital basic need grant.
5.3 The allocation of £0.964 million developer s106 contribution to the Shurdington Primary scheme and a budget virement of £0.764 million grant to the unallocated basic need grant budget, increasing the Shurdington budget by £0.200 million.
5.4 An increase of £0.301 million to the Mickleton Primary scheme, funded by developer s106 contributions.
5.5 An increase of £0.057 million to the Cotswold Academy scheme, funded by developer s106 contribution.
5.6 An increase of £0.035 million to the Woodmancote Primary School scheme, funded by developer s106 contributions.
5.7 An increase of £0.161 million to the Gloucester Road Primary scheme, funded by developer s106 contributions.
5.8 An increase of £0.117 million to the Bishops Cleeve Primary scheme, funded by developer s106 contributions.
5.9 An increase of £0.118 million in the Highways Capital budget, funded £0.053 million of revenue contributions from the Minor Works and Highways Locals budgets and £0.071 million from the C&I revenue reserve. The overall increase figure off sets a reduction of £0.006 million in contributions from other agencies.
5.10 An increase of £0.066 million in the Fire Safety capital programme, funded by a £0.066 million of revenue contributions from Property towards funding of the new training towers.
Publication date: 27/09/2017
Date of decision: 27/09/2017
Decided at meeting: 27/09/2017 - Cabinet
Effective from: 05/10/2017