Decision details

This report presents the provisional revenue and capital outturn for 2012/13, with some recommended technical adjustments

(1) To NOTE the provisional revenue budget outturn underspend of £168,000 for 2012/13;

(2) To APPROVE the revenue carry forward proposals and write-off requests;

(3) To AGREE the transfers to Earmarked Reserves;

(4) To APPROVE the revenue virements for 2012/13 and 2013/14;

(5) To NOTE the resulting reserves position and that unearmarked reserves remain at the target level of £10.5m;

(6) To NOTE the provisional outturn of the 2012/13 capital programme and funding;

(7) To APPROVE the capital rephasing and write-off of net underspends; and

(8) To NOTE the adjustments to the 2012/13 to 2017/18 capital programme and the final capital programme for 2012/13.

The recommendations made are based upon the Budget Management Scheme and a consideration of the Council’s latest financial position and reserves strategy.

Appendix 4 lists all options that can be considered in making a decision on carry forwards and write offs relating to the revenue outturn position.