Decision details

Cllr Lynden Stowe presented the Council’s outturn expenditure for 2018/19 and proposed changes to the Capital Programme 2019/20. 

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

RESOLVED to:

1.    Note the overall 2018/19 revenue budget underspend of £2.905 million and approve the following transfers.

1.1.        Transfer £1.824 million to the Vulnerable Adults Reserve.  This funding will be used to progress projects and investment in community based provision that supports the Adult Single Programme in 2019/20 and to manage demand pressures.

1.2.        Approve the carry forward of £0.386 million to 2019/20 to complete two year projects within Children’s Services which were originally funded by additional “one off” budget allocations in 2017/18. The initial start of these projects was delayed.

1.3.        Approve a revenue contribution of £0.120 million to the Trevone House capital refurbishment project as a result of additional slippage in the IRIS Project in 2018/19.

1.4.        Approve the transfer of the £0.35 million Public Health underspend to the Public Health Reserve.

1.5.        Transfer £1.534 million to the Strategic Waste Reserve to fund the EFW (Energy from Waste) smoothing requirement.

1.6.        Transfer £0.438 million to the C&I Reserve for the carry forward of one off funding for the Electric Vehicle Infrastructure Improvement Project

1.7.        Transfer £0.496 million to the C&I Reserve for the carry forward of Highways Local funding

1.8.        Transfer £0.025 million to Economic Stimulus Reserve for the Joint Strategic Rail Strategy between GCC, LEP and partners to inform future policy and investment decisions.

1.9.        Transfer £0.150 million to the C&I Reserve which relates to income from Boots Corner camera enforcement to cover future costs of Cheltenham Transport Plan including Boots Corner experimental changes and related measures.

1.10.     Transfer £0.09 million of the surplus generated by Traded Services to the Traded Services Reserve

1.11.     Transfer £0.440 million to the Transformation Reserve from the Technical & Corporate Budget.to enable implementation of the a new payment system

1.12.     Transfer £0.800 from the corporate insurance reserves to the Transformation Reserve to support future transformation initiatives.

1.13.     Transfer £3.83 million to the Business Rates Retention Reserve in relation to the GCC share of the additional surplus on the 100% Business Rates Pilot (this includes £2.23 million already earmarked for Children Services within the 2019/20 budget approved by Full Council in February 2019). In addition approve a transfer of £3.44 million to the Strategic Economic Development Fund also as a result of the 100% Business Rates Pilot, and.

1.14.     Other technical reserve movements for 2018/19 set out in Annex 1.

2.    Approve the transfer of the overall £2.905 million revenue budget underspend to the Transformation Reserve (£2.855 million) and to the Vision 2050 Working Fund (£0.050 million).

3.    Note the capital budget position for 2018/19 is £93.235 million, giving in year slippage of £8.152 million.

4.    Approve increases to the Capital Programme totalling £1.301 million for 2018/19 and future years made up of:

4.1.        £0.441 million for Adults schemes funded from an increased in the Disabled Facilities Grant allocation.

4.2.        £0.439 million for Highway schemes reflecting a decreased Department for Transport (DfT) grant £0.023 million, also additional funding of £0.130 million of developer contributions and Highways Locals revenue contributions of £0.332 million.

4.3.        £0.190 million in the Archives capital budget, funded from a revenue contribution towards the Alvin Street Extension - For the Record scheme.

4.4.        £0.020 million in the AMPS capital budget, funded from a revenue contribution towards the College Yard Gloucester Contact Centre scheme.

4.5.        £0.211 million in property works before sale, funded from capital receipts.