Agenda and minutes

Report of the Cabinet Member for Resources detailing the revenue financial position for the Authority for the three months to the end of June 2014, attached.

On consideration of the report of the Cabinet Member for Resources Cabinet agreed to:

(i)  Note the current General Fund revenue position for 2014/15 as at Month 3 (June), which is a forecast over spend at year end of £0.7Magainst the budget approved by Council on 12 February 2014, as outlined in paragraph 4.

(ii)  Note that the baseline forecast over spend for portfolios is just under £4.4M.

(iii)  Note that portfolios plan to take remedial action to manage a number of the corporate and key issues highlighted in this report and that the financial impact is reflected in the forecast position.

(iv)  Note that the Risk Fund includes £3.1M to cover service related risks, (following the allocation of £1.3M to portfolios), and that the estimated draw at Month 3 is £2.1M to cover expenditure which is included within the baseline forecast portfolio over spend of £4.4M.  The portfolio position after the draw from the Risk Fund is an over spend of £2.3M.

(v)  Note that it has been assumed that the contingency, which stands at £250,000, will be fully utilised by the end of 2014/15.

(vi)  Note the performance to date with regard to the delivery of the agreed savings proposals approved for 2014/15 as detailed in Appendix 9.

(vii)  Note the performance against the financial health indicators detailed in Appendix 10.

(viii)  Note the performance outlined in the Quarterly Treasury Management Report attached as Appendix 11.

(ix)  Note the current HRA budget monitoring position for 2014/15, as at Month 3 (June). There is a forecast over spend at year end of £86,500 against the budget approved by Council on 12 February 2014, as outlined in paragraph 31.

Report of the Cabinet Member for Environment and Transport seeking to adopt the Solent Disturbance Mitigation Project, attached.

DECISION MADE: (Ref: CAB 14/15 13230 )

On consideration of the report of the Cabinet Member for Environment and Transport, Cabinet agreed the following:

(i)  To note the context of this report;

(ii)  To approve the adoption of the Solent Disturbance Mitigation project  so that all new residential development is required to mitigate against the harm caused, in line with policy CS22 of the Core Strategy (2010), by either the submission of site specific schemes of work or payment of a £172 contribution per residential unit, prior to implementation of the development; and

(iii)  To delegate the detailed mechanism for securing the planning obligations to the Head of Culture and Planning, as it evolves.

Confidential report of the Head of Legal and Democratic Services detailing matters for approval regarding property searches, attached.

DECISION MADE: (Ref: CAB 14/15 13353)

On consideration of the report of the Cabinet Member for Resources and Leisure, Cabinet approved recommendations as set out in the confidential report.