| Reference Number :- | 2182 |
| Date :- | 2012/06/13 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Financial Outturn 2011/12 |
| Decision :- | (a) That the financial outturn position for 2011/12, as set out in item A.1 of the Report of the Finance and Asset Management Portfolio Holder and the appendices thereto, be noted. (b) That the £0.693m General Fund net variance for 2011/12 be allocated as follows:- (i) £300,000 to be allocated for business rate discretionary relief. Officers are asked to review existing policies to ensure that this funding can be used to support local businesses and linked to Cabinet’s regeneration aspirations. Revised policies will be agreed by the Head of Resource Management in consultation with the Regeneration Portfolio Holder. (ii) £143,000 to be allocated to the Big Society Fund. Officers are also asked to review the criteria and approval process for the Big Society Fund Applications and bring forward proposals for refocusing the fund to Cabinet. (iii) £150,000 together with a £100,000 Parking Initiatives carry forward (mentioned on page 6 of the report) to be utilised to issue a free parking permit to all Council Tax paying households to be used between 10.00 a.m. and midnight in all TDC car parks across the District with the exception of the Naze and Holland Haven car parks to expire on 31 March 2013 and to be issued no later than 31 July 2012. That Officers be delegated authority, in consultation with the Technical Services Portfolio Holder, to make all necessary arrangements and incur expenditure to implement the scheme. Cabinet also requests Officers to bring forward a bi-monthly financial report on the impact to the Council’s car park income budget which will, if necessary, be supported by the contingency reserve if costs are not met from this aforementioned £250,000. (iv) £100,000 to be set aside to create a rural infrastructure improvement fund. (c) That the revenue commitments of £7.970m to be carried forward from 2011/12 to 2012/13, as set out in Appendix ‘A’ to the aforementioned report, be approved. (d) That the financing of capital expenditure for 2011/12, as detailed in Appendix ‘E’ to the aforementioned report, be approved. (e) That the capital budgets of £2.875m to be carried forward from 2011/12 to 2012/13 and the associated carry forward of the revenue contribution to capital of £0.974m be approved. (f) That the updated five year Capital Programme and associated financing, as set out in Appendix ‘G’ to the aforementioned report, be approved. (g) That the movement in uncommitted and earmarked reserves for 2011/12, as set out in Appendix ‘F’ to the aforementioned report, and any amendments arising from (b) above, be approved. (h) That the movement on Housing Revenue Account balances for 2011/12 including the Housing Repairs Commitment, as set out in Appendix ‘D’ to the aforementioned report, be approved. (i) That, subject to the finalisation of pension adjustments required for the year, any further charges be delegated to the Head of Resource Management in consultation with the Finance and Asset Management Portfolio Holder. |
| Reason for Decision :- | Having considered the outturn information submitted. |
| Alternative Options Considered :- | None. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. |
| Contact Officer :- | Head of Resource Management - Karen Neath |
| Decision to Take Effect at end of :- | 2012/06/21 |
| Attachments :- | A.1 Report and Appendices Financial Outturn (5M/bytes) |