Issue - meetings

To consider the financial and non-financial performance of the Council at the mid-year stage of 2012/13, and to approve supplementary estimates, changes to the Capital Programme and a revision to the Treasury Management Strategy.

The financial and non-financial performance of the Council at the mid-year stage of 2012/13 was considered.  The report included a projection of financial performance for each service for the financial year 2012/13, detailed the key financial pressures being faced, areas of high financial risk and the remedial measures identified by services to mitigate the pressures.  The report also included an update on the overall financial stability of the Council and a summary of the key non-financial performance headlines for the year to date.

RESOLVED

1.    That the following issues be noted:

·         the projected Service revenue and capital outturn position, set out in Section 1 of the report;

·         the overall financial stability of the Council and the potential impact on the Council’s general reserves position, set out in Section 2 of the report;

·         the Council’s invoiced debt position, set out in Appendix 2 of the report; 

·         the delivery of the overall Capital Programme, set out in Section 2 paragraphs 105 to 119, and Appendix 3 of the report;

·         the service performance successes achieved during the first half of 2012/2013 and the issues raised in relation to underperformance against targets and how these will be addressed, set out in Section 3 of the report.

2.    That approval be given to a Supplementary Revenue Estimate of £40,000 for additional expenditure in Children & Families, fully funded from specific grant, set out in Section 2 paragraph 93 of the report.

3.    That Council be recommended to approve:

·         Reductions in the approved capital programme, set out in Appendix 4 of the report;

·         Supplementary Capital Estimates and Virements, set out in Appendix 5 of the report;  and

·         Amendments to the Treasury Management Strategy, set out in Appendix 7 of the report.