Issue - meetings

           To approve additional service expenditure for 2012/2013, fully funded from unspent specific grant allocations from 2011/2012, as detailed in the Appendix to the report.

           Consideration was given to the report of the Director of Finance and Business Services, which provided details of additional unbudgeted specific grant received or due to be received by the Council in respect of which services were seeking approval to incur expenditure in 2012/2013.

          The Department for Transport (DfT) had announced that Cheshire East’s bid to the Local Sustainable Transport Fund (LSTF) had been successful. The value of the bid was £3.509 million (64% revenue and 36% capital) over the following three years, until March 2015.

Various service bids were also being made in respect of unused grant funding received in the 2011/2012 financial year, which was therefore effectively now held in general reserves.

           Some of the items required urgent approval so that intended expenditure could be incurred, but, for convenience, the report included all known bids for which Council approval was required.  

RESOLVED

1. That in respect of the Local Sustainable Transport Fund (LSTF):-

(a)  the Department of Transport’s offer of grant funding totalling £3.509m over three years be accepted;

(b)  a Supplementary Revenue Estimate (SRE) of £578k in 2012/2013 be approved;

(c)  a Supplementary Capital Estimate (SCE) totalling £1.273m across three financial years until March 2015 be approved.

2.      That additional service expenditure of £301,000k for 2012/2013, fully funded from unspent specific grant allocations from 2011/2012 as detailed in the Appendix to the report be approved.