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Transfer of a budget allocated for a particular purpose to be used for another purpose (Virement)

Approval of a supplementary or additional of a Capital Budget

The budgets are prepared in line with the Budget Framework which comprises the following;

General Fund Budget

Housing Revenue Account Budget

Dedicated Schools Budget

The Council is responsible for agreeing the Budget Framework. It is the responsibility of the Executive (whether the Mayor, the Cabinet, individual Members or an officer acting on delegated authority) to operate within the Budget Framework.

Any proposal or decision by the Mayor or Executive that would result in expenditure exceeding the limits within the budget framework as defined above will be considered a breach of that framework and must be dealt with in accordance with the Budget and Policy Framework Procedure Rules at Part D Section xx of the Constitution.

The process for compilation of the budget will be approved by the Executive on the advice of the Chief Finance Officer.

The draft budget should include projected net expenditure on services and projects, proposed taxation and other income levels as well as any contingency funds.