Decisions for issue Targeted Budget Management 2012/13 Month 2

36.1         The Committee considered a report of the Director of Finance on the Targeted Budget Monitoring (TBM), a key component of the Council’s overall performance monitoring and control framework. The forecast outturn position was set out as of Month 2 on the Council’s revenue and capital budgets for the financial year 2012/13.

36.2         RESOLVED – That the Committee notes the report.

(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.