Decision details

2011/12 Quarter Three Review of Performance

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decisions:

Consideration was given to the joint report of the Director of Finance and Business Services, and the Strategic Director Places and Organisational Strategy, on the financial and non-financial performance the three quarter review stage of 2011/12.   The report provided an update on the overall financial stability of the Council, projections of service financial performance and a summary of key performance headlines all for the financial year 2011/12.

 

Key points emerging were explained in respect of service revenue outturn, reserves, the capital programme, debt and performance.

 

RESOLVED

 

  1.  That the following financial issues be noted:

 

·        the overall financial stability of the Council, including Grants, in-year collection rates for Council Tax and Business Rates, Treasury Management, and centrally held budgets (Annex 1 of the report);

·        the impact on the Council’s general reserves position as detailed in Annex 1 of the report;

·        the forecast service revenue and capital outturn positions (Annex 2 of the report);

·        the Council’s invoiced debt position as shown in Annex 2 of the report; 

  • progress on delivering the 2011-12 capital programme, detailed in Annex 2 and Appendix 1 of the report;
  • Delegated Decisions approved by Directors for Supplementary Capital Estimates (SCE) and virement requests up to £100,000, as shown in  Annex 2, Appendix 2a of the report; and

·        reductions to approved capital budgets, as shown in Annex 2, Appendix 3 of the report.

 

  1. That the performance issues, contained in Annex 3 of the report be noted particularly the successes achieved during the first three quarters of 2011/12 and also issues in relation to the underperformance against targets.      

 

  1. That approval be given to:

 

·  a Supplementary Revenue Estimate of £69,000 for the Development service following receipt of Warm Homes for Healthy People grant funding for 2011/12, as detailed in Annex 1 of the report; and

·  Supplementary Capital Estimates and virement requests over £100,000 and up to and including £1,000,000 as shown in Annex 2, Appendix 2b of the report.

 

 

 

  1.  That Council be recommended to approve:

 

·        a Supplementary Revenue Estimate of £0.6m to be met from general reserves to meet one-off VR costs in 2011-12, as detailed in Annex 1 of the report; and

·        a Supplementary Capital Estimate / Virement of over £1,000,000 as detailed in Annex 2, Appendix 2c of the report. 

 

 

Publication date: 09/02/2012

Date of decision: 06/02/2012

Decided at meeting: 06/02/2012 - Cabinet

Effective from: 17/02/2012

Accompanying Documents: