Issue - meetings

To note and comment on the mid year review of performance.

Consideration was given to the mid year review of financial and non-financial performance.  The report detailed the Council’s overall financial stability, the financial performance of each individual service, highlighting the key financial pressures being faced, and the key performance headlines at the end of the first half of 2011/12.

Each Portfolio Holder spoke on the performance of their respective service and provided a brief resume of the reasons leading to the various areas of pressure identified.

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 shown in 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 shown in 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;

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

2. That the performance issues contained in Annex 3, in particular the successes achieved during the first half of 2011/12, and the issues raised in relation to underperformance against targets and how they will be addressed, be noted.    

3. That approval be given to the 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.

4. That Council be asked to approve:
   • a Supplementary Revenue Estimate of up to £860,000 to be met from general reserves to meet one-off costs of the Pay Harmonisation package in 2011-12, as detailed in Annex 1 of the report;
   • a Supplementary Capital Estimate/Virement of over £1,000,000 as detailed in Annex 2, Appendix 2c of the report.