Issue - meetings
Capital Budget Monitoring 2022/23 - Round 3
Meeting: 07/02/2023 - Cabinet (Item 9)
9 Capital Budget Monitoring - Round 3 2022/23 
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Minutes:
Background:
This report presented the results of the third round of the Council’s capital budget monitoring process for 2022/23. The report explained that this forecast an overspend of £591,000 in the Children and Adults Directorate and an overspend of £420,000 in the Regeneration, Culture and Environment Directorate. The Business Support Directorate was forecast to overspend by £1,000.
The report also requested that the Cabinet agree a budget virement and to recommend to Full Council a number of additions to the Capital Programme. Details of these were set out in the report.
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Decision number:
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Decision:
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The Cabinet noted the results of the third round of capital budget monitoring for 2022/23, and the management actions to resolve the projected overspend in Children and Adults, which would be the subject of a future report to both Cabinet and Council. |
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18/2023 |
The Cabinet agreed a virement of £748k between the Abbey Court scheme and the Bradfields scheme. |
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19/2023 |
The Cabinet requested Full Council to agree an addition of £14k to the Maundene scheme to be funded by s106 contributions (MC/07/0032 Land at Hoo Road, Liberty Park), for which funds had been received. |
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20/2023 |
The Cabinet requested Council to agree an addition of £25k to the Wayfield Basic Need scheme, to be funded from Basic Need grant. |
Reasons:
Cabinet has the responsibility to ensure effective budgetary control to contain expenditure within the approved limits set by the Council.