Issue - meetings

Consideration was given to the Council’s financial and non-financial performance during the first quarter of 2012/13.  The report detailed projections of service revenue,  financial performance, the key financial pressures faced and the remedial measures identified by services to mitigate the pressures.  The report also provided an update on the overall financial stability of the Council and the key non-financial performance headlines for the year to date.  Approval was sought to requests for supplementary revenue and capital estimates and virements.

RESOLVED

1.    That the projected service revenue outturn positions be noted.  (Section 1 of the report)

2.    That the overall financial stability of the Council, and the impact on the Council’s general reserves position be noted.   (Section 2 of the report)

3.    That the Council’s invoiced debt position be noted.  (Appendix 3 of the report)

4.    That the delivery of the overall capital programme, and budget adjustments within programme blocks be noted.  (Section 2, paragraphs 98 to 103 and Appendices 4 and 5 of the report)

5.    That the service performance successes achieved during the first quarter of 2012/2013 be noted, and how any underperformance against targets will be addressed.  (Section 3 of the report)

6.    That approval be given to:

·         Supplementary Capital Estimates and virement requests over £100,000 and up to and including £1,000,000.  (Appendix 6 of the report)

·         Supplementary Revenue Estimates for additional expenditure fully funded from grants.  (Section 2, paragraph 86 and Appendix 2 of the report)

7.    That Council be requested to approve:

·         a Supplementary Capital Estimate/Virement request over £1,000,000.  (Appendix 7 of the report)