Decision details
Chief Executive's Monitor 1 Finance and Performance Report 2008/09
Decision Maker: Executive Members for City Strategy and Advisory Panel
Decision status: Awaiting Implementation
Is Key decision?: No
Is subject to call in?: No
Purpose:
Purpose of report:To advise latest projections
for revenue and capital expenditure and monitor performance against
target for a number of key indicators
Members are asked to:
Decision:
Members considered the performance and financial information for the Chief Executive’s Directorate for the 2008/09 Monitor 1. The performance element covers key and Council Plan indicators and projects, and the financial aspect deals with performance against budget for the Chief Executive’s Directorate.
The latest budget for the Directorate totalled £4,873k and current projections showed that the Directorate would overspend by £105k, which equated to 0.95% of the gross expenditure budget. Included in the overspend was a projected cost of £20k in allowing Members access to the superannuation scheme and it was recommended that a request was made to the Executive to fund this pressure.
Advice of the Advisory Panel
That the Executive Leader be advised to
(i) Note the financial and performance position of the portfolio;
(ii) Recommend to the Executive to release a contingency sum of £20k to fund the additional cost of Members superannuation costs.
Decision of the Executive Leader
RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.
REASON: In accordance with budgetary and performance monitoring procedures.
Publication date: 09/09/2008
Date of decision: 08/09/2008
Decided at meeting: 08/09/2008 - Executive Members for City Strategy and Advisory Panel
Accompanying Documents:
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