Decision - Targeted Budget Management (TBM) 2012/13 Month 5

To update members on the Capital and Revenue financial performance of the Authority's General Fund and Housing Revenue Accounts at month 5.

(1)               That the forecast outturn position for the General Fund, which was an underspend of £1.453m be noted;

(2)               That the forecast outturn for the Housing Revenue Account (HRA), which was an underspend of £0.720m be noted;

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

(4)               That the following changes to the Capital Programme as detailed below be approved:

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

(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 to the report;

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

(5)               That the Acting Director of Finance be granted delegated authority, following consultation with the Chair of the Policy & Resources Committee, to approve the purchase and installation of new cremators and additional mercury abatement plant up to a value of £1.806m procured directly through an OJEU compliant route; and

(6)               That the carbon budgets update as set out in Appendix 5 to the report be noted.