Agenda Item No.
THE VALE OF GLAMORGAN COUNCIL
CABINET: 14TH JULY, 2014
REFERENCE FROM SCRUTINY COMMITTEE (CORPORATE RESOURCES): 24TH JUNE, 2014
REVENUE MONITORING FOR THE PERIOD 1ST APRIL 2014 TO 30TH APRIL 2014 (MD) –
Council, on 5th March 2014, approved the Revenue and Housing Revenue Account Budgets for 2014/15. Reports monitoring expenditure would be submitted to the Committee on a regular basis. The forecast at present was for the Council to have a balanced Revenue Budget and Housing Revenue Account Budget.
As far as the Education budget was concerned it was projected to balance at the end of the year. Any savings identified during the year would be available to redirect into the School Investment Strategy or other reserves. This was the position after making a contribution to the capital Investment reserve of £435,000. The report also detailed for Members’ information matters relating to the schools delegated budget which was also expected to balance as any over / underspend would be carried forward by schools. In regard to Education it was projecting a transfer of £145,000 to reserves as part of the Voluntary Early Retirement and Redundancy scheme. All other services were anticipated to outturn within budget.
Social Services was currently forecasting a balanced budget. However, in addition to increased demand for services, there was pressure on the Directorate to achieve its savings targets for 2014/15 onwards. There continued to be pressure on Children and Young People’s Services and in particular to Children’s Placements budgets. Pressures also continued in regard to Adult Services and in particular Community Care Packages budget. Members noted that from 1st April 2014 the Welsh Government had approved an increase in the weekly cap for charging for non-residential services from £50 to £55 per week.
It was also currently projected that all services under the headings of Visible Services and Housing Services and Development Services would outturn within target at the year end.
The General Policy budget that fell under the Managing Director was also currently projected to outturn within the budget at the year end.
(1) T H A T the position with regard to the Council’s 2014/15 Revenue Budget be noted.
(2) T H A T the virement of £400,000 from the Private Housing budget to the Public Protection budget, due to an internal restructure, be endorsed and that the matter be referred to the Cabinet for approval.
Reasons for recommendations
(1) To monitor the projected revenue outturn for 2014/15.
(2) To align budgets with new organisational structure.â€
Attached as Appendix – Report to Scrutiny Committee (Corporate Resources): 24th June, 2014