Decision details

To note the Revenue and Capital forecast position  as at Quarter 2

To approve virements

To approve increases in the capital programme delegated to Cabinet.

To note Revenue and Forecast position as at Q2 for the Concilium Business

Services

Having also considered confidential Appendix 5 to the report, it was

RESOLVED:  That 

(1)          the revenue and capital forecast positions as at Quarter 2 2016/17 be noted;

(2)          the latest quarter’s performance report from Concilium Business Service, as detailed in Appendix 5 to the report, be noted;

(3)          the Corporate Director of Resources and Commercial, following consultation with the Portfolio Holder for Finance and Commercialisation, be authorised to approve the varying of Concilium Business Services shareholders’ agreement via an appropriate Deed of Variation in line with the details within this report;

(4)          the proposed reduction to the 2016/17 Capital Programme, as outlined in paragraphs 3.10 to 3.13 of the report, be noted;

(5)          the addition to 2016/17 Capital Programme, as outlined in paragraphs 3.20, 3.43 and 3.44 of the report, be approved.

.

Reason for Decision:  To be availed of the 2016/17 forecast financial position as at 30 September 2016 and to approve budget adjustments in accordance with Financial Regulations.

Alternative Options Considered and Rejected:   As set out in the report.

Conflict of Interest relating to the matter declared by Cabinet member/Dispensation Granted:  None.