DECISION

1.    To note the Council’s projected outturn position against General Fund, Dedicated Schools Budget and Housing Revenue Account budgets agreed for 2018-19, based on information as at the end of September as detailed in the Appendices to the report.

2.    To note the summary savings position.

In respect of the new capital scheme proposals (Annex 1-3 to the report)

3.    To approve the following changes to the current capital programme

·         Approve the additional resource requirement of £22.691m for the  6 existing capital schemes detailed in Annex 1

·         Approve the 14 new capital projects, totaling £4.363m that need to be delivered in 2018/19, as detailed in Annex 2. This includes the design phase of the South Dock Bridge Project.

·         Approve the allocation of £50k from the feasibility pot in the approved programme to carry out new cycle route design and options

4.    To authorise the Corporate Director (Place), after consultation with the Corporate Director (Governance), to acquire leasehold interests on identified council-owned development sites to enable the delivery of Phase 2 of the pipeline programme.

Action by:

CORPORATE DIRECTOR, RESOURCES (Z. COOKE)

(Chief Accountant (K. Miles)

Councillor Candida Ronald, Cabinet Member for Resources and the Voluntary Sector, introduced the budget monitoring report update. She noted the projected overspend pressures and that these had reduced since the last update report. She thanked officers for their work in monitoring this issue.

The Mayor noted the budget pressures in areas such as Children’s and Adult Services as demands increased. He thanked officers for their work and agreed the recommendations as set out.

RESOLVED

1.    To note the Council’s projected outturn position against General Fund, Dedicated Schools Budget and Housing Revenue Account budgets agreed for 2018-19, based on information as at the end of September as detailed in the Appendices to the report.

2.    To note the summary savings position.

In respect of the new capital scheme proposals (Annex 1-3 to the report)

3.    To approve the following changes to the current capital programme

·         Approve the additional resource requirement of £22.691m for the  6 existing capital schemes detailed in Annex 1

·         Approve the 14 new capital projects, totaling £4.363m that need to be delivered in 2018/19, as detailed in Annex 2. This includes the design phase of the South Dock Bridge Project.

·         Approve the allocation of £50k from the feasibility pot in the approved programme to carry out new cycle route design and options

4.    To authorise the Corporate Director (Place), after consultation with the Corporate Director (Governance), to acquire leasehold interests on identified council-owned development sites to enable the delivery of Phase 2 of the pipeline programme.