Issue - items at meetings - Targeted Budget Management 2012/13 Month 2

Report of the Director of Finance (copy attached).

(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.

22.1         RESOLVED:

(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.