Decision - Targeted Budget Management (TBM) 2012/13 Month 7

To update members on the Capital and Revenue financial performance of the Authority's General Fund Housing Revenue Account at month 7.

(1)               That the forecast outturn position for the General Fund, which has an underspend of £3.534m be noted;

(2)               That the forecast outturn for the Housing Revenue Account (HRA), which has an underspend of £1.045m be noted;

(3)               That the forecast outturn position on the Capital Programme be noted;

(4)               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; and

(5)               That it be agreed that Stagecoach South be paid a fixed price concessionary fares reimbursement of £495,000 for 2012/13 and for 2013/14 the sum of £495,000 plus the average increase in RPIX for the financial year 2012/13 for the reasons set out in paragraph 3.10 of the report.