Contact: Anne Hibbert, tel 01962 847533, e-mail: [email protected]

1. Summary

1.1 This report is the first monitoring report for 2006/07. At the end of July 2006 the main pressures to be managed in order to meet savings targets and keep within cash limit relate to Human Resources and Property and Regulatory Services, and continuing management action will be required to manage budget pressures across all services.

1.2 Capital payments for the County Council during the first four months of the financial year have been substantially higher than would be expected on the basis of a normal profile. Payment profiles on individual projects are being reviewed during September/October which will provide a better indication of likely payments levels and of any possible compensating changes in the availability of grants and external funding sources.

1.3 The following decisions are sought:

i) To note the current position on the monitoring of the revenue budget and capital programme.

ii) To approve the transfer to revenue from the capital contingency and unallocated sum of £33,000 in 2006/07, £40,000 in 2007/08 and £40,000 in 2008/09 to finance Policy and Resources' share of the grant to `The Lights', Andover.

1.4 Regular service budget monitoring reports are submitted to Executive Members to review whether any action is required to contain spending within cash limits and ensure that resources are utilised effectively.

1.5 Decisions on the Policy and Resources revenue budget and capital programme impact on the financial resources used by central services to support all other County Council services and as such relates to the corporate strategy.

2. Other options considered and rejected

2.1 Not applicable

3. Conflicts of interest declared by the decision maker or other Executive Member consulted

3.1 Not applicable

4. Dispensation granted by the Standards Committee

4.1 Not applicable

5. Reason(s) for the matter being dealt with if urgent

5.1 Not applicable

Approved by: Date: 14 September 2006

Councillor T K Thornber