To receive a presentation regarding relevant capital and budget monitoring information outturn for 2015/16. 

Full details of the outturn capital and revenue budgets is available from the Executive papers dated 07 June 2016 available from the link below:

http://centralbeds.moderngov.co.uk/documents/g5156/Public%20reports%20pack%20Tuesday%2007-Jun-2016%2009.30%20EXECUTIVE.pdf?T=10

The Assistant Director Resources introduced the 2015/16 Revenue and Capital outturn report that showed a general fund outturn of £64.8m after the use of reserves with an overspend of £0.223m (4%).  Public Health outturn position for 2015/16 showed a balanced budget. 

The Landlord Services outturn showed 33 RTB sales had been made. A Member raised the question of reinvestment of this money and what schemes had been developed.  The Assistant Director Housing advised a new skilled team was planned and would use the reserves to create phased housing schemes.  The Executive Member would Brief Members on garage and housing developments in the autumn. 

RECOMMENDED

The Committee received and noted the Revenue and Capital Financial Outturn reports.

To receive a presentation regarding the directorate's capital and revenue budget monitoring information outturn for 2015/16. 

Full details of the outturn capital and revenue budget and is available from the Executive papers dated 07June 2016 available from the link below:

http://centralbeds.moderngov.co.uk/ieListDocuments.aspx?CId=577&MId=5131&Ver=4

The Director for Children’s Services presented the outturn budget monitoring information for the Children’s Services Directorate and highlighted the 2015/16 provisional Revenue and Capital spend figures.

NOTED the presentation.

To consider the 2015/16 capital financial outturn report.

RESOLVED

1.      That the capital gross provisional outturn position which is a spend of £94.2M demonstrating significant capital investment by Central Bedfordshire to support its community, be noted.

2.      That the net overspends between £150K and £500K, as listed at Appendix B to the report, be approved.

3.      That the proposed deferred gross spend of £41.8M (£33.2M net) from 2015/16 to 2016/17, as detailed at Appendix C to the report, be approved.

RECOMMENDED to Council

1.      That the net overspend on the Stratton Street Railway Bridge scheme of £1.3M be approved.

The Executive considered a report from the Executive Member for Corporate Resources that set out the capital provisional outturn for 2015/16 (subject to audit).  The provisional gross outturn position was a spend of £94.2M which was below the budget by £45.1M.

There was an overspend on the Stratton Street Railway Bridge scheme due to the requirement for additional works necessitated by inclement weather and the need to access a railway line.

In response to a question, the Director for Community Services explained that the income from safety cameras was retained by the Police, but negotiations were taking place to redirect some of this funding for the maintenance of the cameras themselves.

Reason for decision:  To facilitate effective financial management and planning.

RESOLVED

1.      that the capital gross provisional outturn position which was a spend of £94.2M demonstrating significant capital investment by Central Bedfordshire to support its community, be noted;

2.      that the net overspends between £150K and £500K, as listed at Appendix B to the report, be approved; and

3.      that the proposed deferred gross spend of £41.8M (£33.2M net) from 2015/16 to 2016/17, as detailed at Appendix C to the report, be approved.

RECOMMENDED to Council

1.      that the net overspend on the Stratton Street Railway Bridge scheme of £1.3M be approved.