Issue - decisions

2011/12 Quarter Three Review of Performance

 

 

09/02/2012 - 2011/12 Quarter Three Review of Performance

Consideration was given to the joint report of the Director of Finance and Business Services, and the Strategic Director Places and Organisational Strategy, on the financial and non-financial performance the three quarter review stage of 2011/12.   The report provided an update on the overall financial stability of the Council, projections of service financial performance and a summary of key performance headlines all for the financial year 2011/12.

 

Key points emerging were explained in respect of service revenue outturn, reserves, the capital programme, debt and performance.

 

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 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 (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; and

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

 

  1. That the performance issues, contained in Annex 3 of the report be noted particularly the successes achieved during the first three quarters of 2011/12 and also issues in relation to the underperformance against targets.      

 

  1. That approval be given to:

 

·  a Supplementary Revenue Estimate of £69,000 for the Development service following receipt of Warm Homes for Healthy People grant funding for 2011/12, as detailed in Annex 1 of the report; and

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

 

 

 

  1.  That Council be recommended to approve:

 

·        a Supplementary Revenue Estimate of £0.6m to be met from general reserves to meet one-off VR costs in 2011-12, as detailed in Annex 1 of the report; and

·        a Supplementary Capital Estimate / Virement of over £1,000,000 as detailed in Annex 2, Appendix 2c of the report.