Cllr Ray Theodoulou, Cabinet Member: Finance and Change, gave an updateon the year end forecast 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:
a) Revenue year end position, as at the end of November for the 2016/17 financial year, of a £0.893 million under-spend.
b) Capital year end position for 2016/17 of a £1.64 million under-spend against the re-profiled budget and the changes to the 2016/17 re-profiled budgets detailed in section B.
a) Increase the Adults capital programme by £1.834 million (£0.8 million in 2016/17 and £1.034 million in 2017/18), funded by a Department of Health Capital Grant, to enable the purchase and adaptation of various properties for people with learning difficulties.
b) Increase the Highway capital budget by £0.44 million, funded from a revenue contribution of £0.35 million and an additional £0.09 million of developer and other external contributions to help fund a variety of highway schemes.
c) Increase the capital programme for Safety Fencing by £0.25 million, funded from a revenue contribution from the Highways revenue budget.
d) Increase the Waste capital budget by £0.10 million to fund capital improvements at Household Recycling Centres funded from a revenue contribution from the Waste revenue budget.
e) Increase the ICT capital budget by £0.450 million, funded by a revenue contribution from a one off underspend in the ICT revenue budget, to fund investment in ICT equipment for social workers which will facilitate mobile working.