Issue - meetings

RESOLVED:   That the changes, transfers to reserves and revised revenue estimates for 2016/2017 as detailed in the report be approved, subject to clarification of the figures in the table in 1.2.

Reason for Decision

Formal approval is required by Cabinet for the amendments to the 2016/2017 revenue estimates.  The amendments have been reported to members as part of the monthly monitoring reports for April to September 2016 and are summarised below.  

Cabinet considered a report which explained that the original budget 2016/2017 was approved by Council on the 25 February 2016.  Throughout the year the Assistant Director (S151 Officer) had monitored the budget and, where necessary, Executive Directors had sought approval for additional budget provision.  The purpose of the report was to formally establish base estimates and projections on which a revised Financial Plan for 2016/2021 could be built.  This would leave the report to Cabinet on 31 January 2017 and Council in February 2017 to focus on future years.

Under Standing Order 34 Councillor Pope sought clarification on the table in 1.2 of the report, to which the S151 Officer undertook to check the figures contained within the table and distribute them to Members. (the amended table was distributed on 7 December to all Members). 

RESOLVED:   That the changes, transfers to reserves and revised revenue estimates for 2016/2017 as detailed in the report be approved subject to clarification of the figures in the table in 1.2.

Reason for Decision

Formal approval is required by Cabinet for the amendments to the 2016/2017 revenue estimates.  The amendments have been reported to members as part of the monthly monitoring reports for April to September 2016 and are summarised below.