Issue - meetings

To consider the report of the Assistant Management Accountant and the recommendation to (1) note the expenditure to 31^st March 2012 on (i) 2011/12 budget, and (ii) the strategic review; and (2) approve the budget for 2012/13

The Board considered the report of the Assistant Management Accountant which (1) gave details of the Recreation Ground spend to 31^st March 2012 against the agreed budget for 2011/12 and details of the strategic review spend to 31^st March 2012; and (2) recommended that (i) the expenditure to 31^st March 2012 on the 2011/12 budget and the strategic review be noted; and (ii) the budget for 2012/13 be approved.

The Head of Business, Finance and Pensions informed the meeting that the Budget for 2011/12 (Appendix 1) did not include outturn figures and that the Budget proposal for 2012/13 (Appendix 3) did not include management costs and there would be a further call on potential surplus.

The Chair stated that there would be a need to budget for extra resources but that the figures would need to be agreed when the outturn report was available.

In the light of this information, it was therefore:

RESOLVED (1) to note the expenditure to 31^st March 2012 on the 2011/12 budget and the strategic review; and (2) approve the budget for 2012/13 subject to final outturn figures being considered at the next meeting.