Agenda item

The report presents the provisional revenue and capital outturn for 2012/13, highlighting an underspend of £168,000 or less than 0.1% of the Council’s gross revenue budget. This represents a significant achievement in the context of the government’s public sector deficit recovery plan which resulted in a revenue savings requirement of over £12 million for 2012/13.

Councillor David Bellotti, in introducing the item, referred to the underspend of £168K which was less than 0.1% of the entire budget.  This was set against the background of a large number of substantial projects.

He moved the proposals.

Councillor Paul Crossley seconded the proposal.  He observed that the Council was delivering projects on time, within budget and with good results.  He was very pleased that the outcome had been as predicted.

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

RESOLVED (unanimously)

(1) To NOTE the provisional revenue budget outturn underspend of £168,000 for 2012/13;

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

(3) To AGREE the transfers to Earmarked Reserves;

(4) To APPROVE the revenue virements for 2012/13 and 2013/14;

(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 2012/13 capital programme and funding;

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

(8) To NOTE the adjustments to the 2012/13 to 2017/18 capital programme and the final capital programme for 2012/13.