Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
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
· 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;
· reductions to approved capital budgets, as shown in Annex 2, Appendix 3 of the report.
· 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.
· 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: