Agenda item

The report presents the provisional revenue and capital outturn for 2010/11. It refers to requests to carry forward specific revenue budget items to 2011/12, transfers to earmarked reserves and to write-off revenue overspends where recovery in future years would have an adverse impact on continuing service delivery.  The report also refers to requests to rephase specific capital budget items and to write off net capital underspends in 2010/11 and to approve specific capital budget items in the 2011/12 capital programme.

On a motion from Councillor David Bellotti, seconded by Councillor Paul Crossley, it was

RESOLVED (unanimously):

(1) To NOTE the provisional revenue budget outturn for 2010/11;

(2) To APPROVE the revenue carry forward proposals and write-off requests as exceptions to the Budget Management Scheme;

(3) To INCREASE the revenue Budget Contingency by £65k;

(4) To APPROVE the revenue virements for 2010/11 and 2011/12;

(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 2010/11 capital programme and the funding laid out in the table in Appendix 1 Paragraph 1.24;

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

(8) To APPROVE the capital programme 2011/12 items;

(9) To NOTE the adjustments to the 2010/11 to 2015/16 capital programme and the final capital programme for 2010/11.