Issue - meetings

To approve the Supplementary Estimates/Virements and establishment of an earmarked reserve, as detailed in paragraph 10.2 of the report.

Consideration was given to a report requesting formal approval of the issues recommended to Council by Cabinet on 19^th August 2013 as part of the 2013/2014 First Quarter Review of Performance Report. As a procedural matter, these items required the approval of Council, in accordance with Finance Procedure Rules.

The items in question were set out in the report and related to Supplementary Capital Estimates and Virements over £1m, Supplementary Revenue Estimates and the establishment of a specific earmarked reserve to hold any underspend on the Elections Budget for use in years when Elections took place.

RESOLVED

That the Supplementary Estimates / Virements and establishment of an earmarked reserve as set out below and detailed in paragrah 10.2 of the report be approved :-

·                     Supplementary Capital Estimates and Virements over £1m relating to Crewe Lifestyle Centre (Detaied in Appendix 1 of the report).

·                     Supplementary Revenue Estimates to be funded from General Reserves where information was either not known at the time the budget was set, or where further funding information had been received and needed allocating. (Detailed in Appendix 2 of the report).

·                     A Supplementary Revenue Estimate of over £1m for Public Health, to be funded from additional ring-fenced grant (Detailed in Appendix 3 of the report).

·                     The establishment of a specific earmarked reserve to hold any underspend on the Elections Budget for use in years when Elections take place (Detailed in Appendix 4 of the report).