Decisions for issue Targeted Budget Management (TBM) 2012/13 Month 5

54.1         The Committee considered a report of the Acting 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 5 on the Council’s revenue and capital budgets for the financial year 2012/13.

54.2         Dr Horne noted that the report set out the position to the end of August 2012, and asked if there was any update or change on the position. The Acting Director of Finance said that he could not pre-empt the next report, but the general trend was good and the authority was expecting further improvement in the forecast over the remainder of the year.

54.3         Councillor Ken Norman asked for more information in relation to temporary accommodation in paragraph 3.6 of the report; in response it was explained that this was a known pressure area and there would be discussion around the 2013/14 budget setting for new framework contracts to procure lower cost accommodation.

54.4         RESOLVED – That the Committee note the report.

(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.