Agenda item

This report presents the monitoring information for the Authority as a whole for the financial year 2010/11 to the end of January 2011

Note: The papers for this item were not available for Agenda despatch and will be published as a supplementary despatch in due course

Councillor Malcolm Hanney, in moving the recommendations, said he was very pleased that the Council was expected to end the financial year within budget.  He reported that a recent one-off VAT refund had enabled the Cabinet to allocate an extra £368K to various community engagement projects.

Councillor Charles Gerrish seconded the proposal.  He agreed with Councillor Hanney and welcomed the additional funds made available for community engagement.

Rationale

The report was presented as part of the reporting of financial management and budgetary control required by the Council

Other Options Considered

None

On a motion from Councillor Malcolm Hanney, seconded by Councillor Charles Gerrish, it was

RESOLVED (unanimously):

(1) To ASK Strategic Directors to continue to work towards managing within budget in the current year for their respective service areas, and to manage below budget where possible by not committing unnecessary expenditure, through tight budgetary control;

(2) To NOTE the revenue budget position;

(3) That subject to the final Outturn position, the one-off VAT refund of up to £368,000 should be used to support the Community Engagement Fund in 2011/2012;

(4) To NOTE the capital expenditure position for the Council in the financial year to the end of January and the year end projections;

(5) To AGREE the revenue virements listed for approval;

(6) To NOTE the changes in the capital programme;

(7) To APPROVE the additions to the 2010/11 Capital Programme.