Issue - meetings

Monthly Council Budget Monitoring Report - Month

 

Meeting: 17/03/2016 - CABINET (Item 9)

9 Monthly Council Budget Monitoring Report - Month 10 pdf icon PDF 393 KB

Minutes:

RESOLVED:

 

That Cabinet:

 

1.      Note the forecast budget position as at January 2015 (Month 10).

2.      Continue the delegated authority up until the 21 April 2016 Cabinet meeting to the Chief Executive to approve any consultancy and agency assignments over £50k, with final sign-off of any assignments made by the Leader of the Council. Cabinet are also asked to note those consultancy and agency assignments over £50k approved under delegated authority between the 18 February 2016 and 17 March 2016 Cabinet meetings, detailed at Appendix F.

3.      Approve the release of £38,846 grant funding from the Department for Work and Pensions relating to the role out of Universal Credit.

4.      Approve the appropriation of land at Parkview Day Centre in Yiewsley and Grassy Meadow Day Centre in Hayes from the General Fund to the Housing Revenue Account to be developed as new sites for extra care supported housing.

5.      Approve the award of an £80k grant to Uxbridge College for the development of the Hayes Campus park for wider community use, to be funded from Chrysalis budgets.

 

Reasons for decision

 

Cabinet was informed of the latest forecast revenue, capital and treasury position for the current year 2015/16 to ensure the Council achieved its budgetary and service objectives. Cabinet welcomed the strong financial position of the Council approaching year-end, in particular in comparison to other local authorities.

 

Cabinet approved the release of a grant to support residents with the introduction of Universal Credit, appropriated land to the Housing Revenue Account in relation to extra care housing schemes and awarded a grant to Uxbridge College for expanding community use of their college site in Hayes.

 

Alternative options considered and rejected

 

None.

 

Officer to action:

 

Paul Whaymand, Finance Directorate

 

Classification: Public

 

The report and any background papers relating to this decision by the Cabinet are available to view on the Council's website or by visiting the Civic Centre, Uxbridge.