Agenda item

Consideration was given to the Council’s financial and non-financial performance at the final outturn stage of 2011/12 with each Portfolio Holder providing a commentary on the key issues in their areas of responsibility. The views of the Corporate Overview and Scrutiny Committee on this report were also submitted.

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 (Annex 1);

·   the impact on the Council’s general reserves position as detailed in   Annex 1;

·  the final service revenue and capital outturn positions (Annex 2);

·  the Council’s invoiced debt position as shown in Annex 2; 

·  the delivery of the 2011-2012 capital programme, detailed in Annex 2   and Appendix 1;

·  Reductions to approved capital budgets, as shown in Annex 2, Appendix 3.

2.                      That the performance issues, contained in Annex 3: be noted and that successes achieved during 2011/2012 be welcomed

3.                  That approval be given to:

·  Supplementary Capital Estimates and virement requests over £100,000 and up to and including £1,000,000 as shown in Annex 2, Appendix 2a.

·  Supplementary Capital Estimate and virement requests over £1,000,000 as shown in Annex 2, Appendix 2b.