Agenda item

The report provides a projection of the expenditure and income position for the 2014/15 Budget compared with the approved budget for the General Fund and the Housing Revenue Account.  The projection is based on the position to date.

Recommendation

It is recommended that the Executive notes the report and gives approval to

1.            undertake the invest-to-save project to install a magnetic device to reduce the gas consumption of boilers at the Central Offices, to be met from the budget for Urgent Schemes as detailed at paragraph 3.2 and Annexe 2;

2.            virement of £260,000 within the HRA 2014-15 Capital Programme from Kitchen and Bathroom alterations (inc wash basins) to Asbestos and Structural, as detailed at paragraph 4.6;

3.            virement of £50,000 from the cyclical maintenance to void work as detailed in paragraph 4.3;and

4.            undertake the Free Car Park Initiative Trial, as detailed at paragraph 2.10, at an estimated cost of £15,000 from the overall additional income reported to date.

The Executive noted the report and agreed to

1.            undertake the invest-to-save project to install a magnetic device to reduce the gas consumption of boilers at the Central Offices, to be met from the budget for Urgent Schemes as detailed at paragraph 3.2 and Annexe 2 of the report;

2.            virement of £260,000 within the HRA 2014-15 Capital Programme from Kitchen and Bathroom alterations (inc wash basins) to Asbestos and Structural, as detailed at paragraph 4.6;

3.            virement of £50,000 from the cyclical maintenance to void work as detailed in paragraph 4.3;and

4.            undertake the Free Car Park Initiative Trial, as detailed at paragraph 2.10, at an estimated cost of £15,000 from the overall additional income reported to date.

[CORPORATE OVERVIEW AND SCRUTINY COMMITTEE]

[Reason: To provide an indication of the expenditure and income position for the 2014/15 budget compared with the approved budget for the General Fund and the Housing Revenue Account]

[This item contains exempt information by virtue of which the public is likely to be excluded during the item to which the report relates, as specified in Paragraph 1 of the revised Part I of Schedule 12A to the Local Government Act 1972, namely:-

            Information relating to the financial or business affairs of any particular person (including the authority holding that information)]

RESOLVED  that the report be noted and

1.            the invest-to-save project be undertaken to install a magnetic device to reduce the gas consumption of boilers at the Central Offices, to be met from the budget for Urgent Schemes as detailed at paragraph 3.2 and Annexe 2 of the report;

2.            a virement of £260,000 within the HRA 2014-15 Capital Programme from Kitchen and Bathroom alterations (inc wash basins) to Asbestos and Structural be agreed, as detailed at paragraph 4.6;

3.            a virement of £50,000 from the cyclical maintenance to void work be agreed, as detailed in paragraph 4.3;and

4.            the Free Car Park Initiative Trial be undertaken, as detailed at paragraph 2.10, at an estimated cost of £15,000 from the overall additional income reported to date.

[Reason: To provide an indication of the expenditure and income position for the 2014/15 budget compared with the approved budget for the General Fund and the Housing Revenue Account]