Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Consideration was given to the financial and non financial performance of the Council during the first quarter of 2011/12. The report included an update on the Councils overall financial stability, projections of financial performance for each service for the current financial year, a summary of key performance headlines to date, and an explanation of the key points emerging.
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 detailed in Annex 1 of the report;
· the impact on the Council’s general reserves position detailed in Annex 1 of the report;
· the forecast service revenue and capital outturn positions detailed on 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;
· Delegated Decisions approved by Directors in consultation with the relevant Portfolio Holder and the Portfolio Holder for Resources for Supplementary Capital Estimates and virement requests over £100,000 and up to and including £500,000 as shown in Annex 2 Appendix 2b of the report.
· the retention of £0.4m of earmarked reserves previously identified for return to general balances;
· a Supplementary Revenue Estimate of £3.0m to create a central contingency from additional non-ringfenced grant funding, to be the subject of bids from services detailed in Annex 1 of the report;
· Supplementary Revenue Estimates for services of £2.2m to be met from the central grants contingency, detailed in Annex 2 of the report;
· Capital virement requests over £500,000 and up to and including £1.0m, as shown in Annex 2 Appendix 2c of the report.
Publication date: 07/09/2011
Date of decision: 05/09/2011
Decided at meeting: 05/09/2011 - Cabinet
Effective from: 15/09/2011
Accompanying Documents: