Decision - Targeted Budget Management 2012/13 Month 2

To update members on the Capital and Revenue financial performance of the Authority's General Fund and Housing Revenue Accounts at month 2.

(1)               That the forecast outturn position for the General Fund, which is an overspend of £0.522m be noted;

(2)               That the forecast outturn for the Housing Revenue Account (HRA), which is an underspend of £0.204m be noted;

(3)               That the virement within the HRA of £0.558m from capital financing costs to revenue contribution to capital be approved;

(4)               That the forecast outturn position on the capital programme be noted;

(5)               That the following changes to the capital programme be approved:

(i)                 The budget re-profiling and budget variations as set out in Appendix 2;

(ii)               The carry forward of slippage into the 2013/14 capital programme, to meet on-going commitments on these schemes as set out in Appendix 2.

(iii)             The new schemes as set out in Appendix 3.