Agenda item

This report presents the financial monitoring information for the Authority as a whole for the financial year 2011/12 to the end of December 2011

Councillor David Bellotti, in proposing the item, said that most budgets had underspent in the financial year, and the one overspent service (transportation) had extenuating circumstances.  He was pleased with the progress made by Strategic Directors to keep spending under control.

Councillor Paul Crossley seconded the proposal.

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

RESOLVED (unanimously)

(1) To ASK Strategic Directors to continue to work with Portfolio Holders towards managing within budgets 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 this year’s revenue budget position as shown in the report;

(3) To NOTE the capital expenditure position for the Council in the financial year to the end of December, and the year-end projections detailed in the report;

(4) To AGREE the revenue virements listed for approval in the report; and

(5) To NOTE the changes in the capital programme listed in the report.