Issue - meetings

Report CHFCS45 by the Resources and Assets Portfolio Holder.

(Enclosure)

Decision:

1.)   To recommend to Council the approval of the following Supplementary Estimates in respect of the following:

a)     General Fund – Capital Programme of £4.589M 2009/10

b)     General Fund Revenue estimate increase of £180k

c)     Supplementary estimate for LABGI Income be approved for £193,849.62 and this be used to support economic development related initiatives, in line with Council priorities. The details of this be delegated to the Corporate Head of Sustainable Communities and the Economic Development Portfolio Holder

d)     Housing Revenue Account – Capital Programme of £4.631M for 2009/10 and £5.425m for 2010/11 (appendix B)

e)     Housing Revenue Account – Revenue increase of £654K

Considerations / Reasons for decision:

1.)   Report CHFCS 45 by the Portfolio Holder for Resources and Assets.

2.)   The Council approved the Capital and Revenue budgets, in respect of the financial year 2009/10, at it’s meeting on 2 March 2009.  Since that time there have been a number of proposals that will have an impact of the budget framework. 

3.)   Comments made by Cabinet Members and the Corporate Head of Finance and Customer Service regarding a number of new bids and slippages from the 2008/09 capital programme that were proposed for inclusion into the 2009/10 programme.

4.)   Comments made by Cabinet Members and the Corporate Head of Finance and Customer Service regarding the Local Authority Business Growth Incentive (LABGI), and how any initiatives undertaken as a result should be in line with Council priorities.