Decisions for issue Targeted Budget Management (TBM 5)

50.1         The Committee considered a report of the Executive Director of Finance & Resources in relation to the Targeted Budget Management (TBM) Provisional Outturn 2013/14. Targeted Budget Monitoring (TBM) reports were a key component of the Council’s overall performance monitoring and control framework. TBM reports were periodically presented to Policy & Resources Committee and were subsequently provided to the next available Audit & Standards Committee for information and consideration in the context of the Committee’s oversight role in respect of financial governance and risk management.  The TBM report set out the provisional outturn position on the Council’s revenue and capital budgets for the financial year 2013/14.

50.2         In response to Councillor Sykes it was confirmed that in relation to the ring-fenced transfer of Public Health funds, provision has not been made in the 2014/15 budget process for certain additional prescription costs and services as this was still being challenged nationally. It was also noted that there would a further update on this in the next TBM report and the figure was not included in the current overspend figure.

50.3         RESOLVED – That the Committee note the report to the Policy & Resources Committee on July 2013 and the subsequent recommendations and resolution.

1.                  That the forecast outturn position for the General Fund, which is an overspend of £2.413m be noted;

2.                  That the forecast outturn for the Housing Revenue Account (HRA), which is an underspend of £0.150m be noted;

3.                  That the forecast outturn position for the Dedicated Schools Grant which is an underspend of £0.309m be noted;

4.                  That the forecast outturn position on the capital programme be noted; and

5.                  That the following changes to the capital programme be approved:

·         The variations and reprofiles in Appendix 3 and the new schemes as set out in Appendix 4.