The figures in this report will form the basis for financial monitoring throughout the forthcoming financial year. Should any further adjustments be necessary, they will be reported as part of the quarterly financial monitoring reports to Cabinet.
Cabinet Portfolio Holder – Councillor Peter Butlin
Councillor Peter Butlin explained to the meeting that the report on service estimates follows on from the February budget setting meeting. Its purpose is to show how budgets and the work to be undertaken by the council are realigned following the budget decision. It was emphasised that further adjustments may be necessary in the future.
Councillor Jeff Clarke (Portfolio Holder for Transport and Planning) welcomed the report especially the support for large capital schemes in Nuneaton and Bedworth. He recognised that it was not possible for all schemes to be progressed at once but stated that it is important to know that the funds are available when they are required.
Councillor Peter Butlin concluded by congratulating officers on their swift work post budget, undertaken at a challenging time.
(i) Approves the detailed revenue budget, savings plan and capital programme for each of the Authority’s services set out in Appendices A to M; and
(ii) Notes the adjustments to service revenue and capital budgets as a result of the realignment of budgets within and between directorates since the budget was set on 8 February 2021, as outlined in Section 3 and Appendix N.