Contact: Anne Hibbert, (01962) 847533; [email protected]

1 Summary

1.1 This report is the first monitoring report for 2007/08.

1.2 At the end of May 2007, on-going budget pressures within corporately held land, sites for gypsies and travellers and the Coroner Service mean net expenditure for 2007/08 is likely to exceed the budget for these areas. Actions have been identified to manage the budget and the budgetary position will be monitored closely throughout the year. IT Services have identified a funding gap in the current year requiring action in order to achieve breakeven. Other budgets are anticipated to be within cash limit.

1.3 Capital payments for the County Council for 2007/08 are forecast to be close to the estimate of £190.2m reported to Cabinet on 9 February 2007. Actual capital receipts to 31 May 2007 are £12.7m.

1.4 The following decisions were made:

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

b) To agree the proposed amendments to the 2007/08 budget to reflect the net underspend of £87,000 carried forward from 2006/07.

c) To approve a final grant of £50,000 for the Trinity Centre, Winchester.

2 Reason(s)

2.1 Budget monitoring reports are submitted regularly to the Executive Member to review whether any action is required to deal with variations between planned and actual spending. The Policy and Resources revenue budget and capital programme includes financial resources for a range of direct services and for central services that support all other County Council services and as such contribute to each priority of the corporate strategy.

3 Other options considered and rejected:

3.1 Not applicable.

4 Conflicts of interest declared by the decision maker or other Executive member consulted - none

5 Dispensation granted by the Standards Committee - none

6 Reason(s) for the matter being dealt with if urgent - none

Approved by: (signature) Date: (date of decision)

Councillor T K Thornber

Executive Member for Policy and Resources Date: (date of decision)