Decision details

First Performance and Financial Monitor - 2008/09

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Decision Maker: Executive - for meetings from 03/06/00 to 26/04/11

Decision status: Awaiting Implementation

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Provision of the latest forecast of the council's financial and performance position. Actions may be required to agree proposed amendments to plans, mitigation for identified issues and financial adjustements (such as allocations from contingency and virements) which are reserved to the Executive.

Decision:

RESOLVED: (i) That the performance issues identified in the report be noted.

REASON: So that corrective action on these issues can be addressed by Directorates and meetings of Executive Members and Advisory Panels (EMAPs).

(ii) That the following applications for supplementary estimates to be funded from contingency, as set out in paragraph 51 and Annex 8, be approved:

Portfolio area	Area for request	Amount
Neighbourhood Services	Replacement bins	£50,000
City Strategy	Parking – downturn in PCN income	£180,000
Chief Executive	Members Allowances – potential superannuation costs	£20,000
TOTAL		£250,000.00

REASON: In accordance with the Executive’s Constitutional powers to make decisions on the level and granting of supplementary estimates.

(iii) That the information provided at the meeting on the increased costs of legal charges within the Director of Learning, Culture and Children’s Services be noted and that the Director be asked to report to the Executive later in the year on the action being taken to address this issue.

REASON: To ensure that the projected overspend is kept under review.

(iv) That the movements in the Prudential Indicators, as set out in Annex 12 to the report, be noted.

REASON: To ensure the continued performance of the Council’s Treasury Management function.

Publication date: 08/10/2008

Date of decision: 07/10/2008

Decided at meeting: 07/10/2008 - Executive - for meetings from 03/06/00 to 26/04/11

Effective from: 10/10/2008

Accompanying Documents: