Decision details

This report presents the provisional revenue and capital outturn for 2011/12, with some recommended technical adjustments. The report refers to known potential pressures for the current year, as a preface to a request to carry forward specific budget items to 2012/13

(1) To NOTE the provisional revenue budget underspend of £253K for 2011/12 as set out in the report;

(2) To APPROVE the revenue carry forward proposals and write-off requests listed in Appendix 4;

(3) To AGREE the Transfers to Earmarked Reserves as set out in the Appendix 1;

(4) To APPROVE the revenue virements for 2011/12 and 2012/13 as listed in Appendices 6(i) and 6(ii);

(5) To NOTE the resulting reserves position shown in Appendix 1 and that unearmarked reserves remain at the target level of £10.5m.

(6) To NOTE the provisional outturn of the 2011/12 capital programme in Appendix 7, and the funding as laid out in the table in Appendix 1;

(7) To APPROVE the capital rephasing and write-off of net underspends as listed in Appendix 8; and

(8) To NOTE the adjustments to the 2011/12 to 2016/17 capital programme as detailed in Appendix 10, and the final capital programme for 2011/12 in Appendix 9.

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

All options considered in making the decision on carry forwards and write offs relating to the revenue outturn position were included in appendix 4 of the report.