| Reference Number :- | 2303 |
| Date :- | 2013/06/14 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Financial Outturn 2012/13 |
| Decision :- | (1) In respect of the Outturn for 2012/13: (a) That Cabinet notes the financial outturn position for 2012/13 as set out in this report and the appendices. (b) That the £0.468m General Fund net variance for 2012/13 be allocated as follows:- (i) £300,000 be set aside in a new earmarked reserve to support the continuation of the Residents Free Parking Initiative for 2014/15. (ii) £9,000, which specifically relates to income from Beach Huts above that budgeted for the year, be reinvested in seafront amenities for the provision of new beach huts/sites as appropriate, and that the Corporate Director, Public Experience, in consultation with the Portfolio Holder for Environment and Coast Protection be authorised to undertake any associated reinvestment activity. iii) £159,000 be set aside to support the on-going local commitment to freeze or reduce Council Tax for this Council’s services given that the Government has yet to make such a commitment itself beyond 2013/14. (c) That Cabinet approves the Revenue Commitments of £10.562m to be carried forward from 2012/13 to 2013/14 as set out in Appendix A of this report. (d) That Cabinet approves the financing of capital expenditure for 2012/13 as detailed in Appendix E. (e) That Cabinet approves the capital budgets of £4.266m to be carried forward from 2012/13 to 2013/14 and the associated carry forward of the revenue contribution to capital of £1.028m. (f) That Cabinet approves the updated 5 year capital programme and associated financing as set out in Appendix G. (g) That Cabinet approves the movement in uncommitted and earmarked reserves for 2012/13 set out in Appendix F and any amendments arising from recommendation (b) above. (h) That Cabinet approves the movement on HRA balances for 2012/13 including the commitments set out within Appendix D (i) That Cabinet agrees to transfer £1.000m of New Homes Bonus funding along with £0.300m set aside for NNDR Discretionary Reliefs to a specific Inward Investment and Growth Budget in 2013/14. 2) In respect of the Clacton and Holland Coast Defence Project: (a) The Corporate Director (Public Experience) in consultation with the Portfolio Holder for Environment and Coast Protection be authorised to undertake such necessary procurement, planning and licensing activities as he/she considers appropriate, with the associated costs being met from existing budgets supported by the £0.512m Accelerated and Growth Government Grant. (b) The Corporate Director (Public Experience) in consultation with the Leader and the Portfolio Holder for Environment and Coast Protection is authorised to grant such exemptions under the Council’s Procurement Rules as he/she considers appropriate and reasonably necessary in order to secure value for money and the delivery of the project. |
| Reason for Decision :- | Having considered the report. |
| Alternative Options Considered :- | None. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. |
| Contact Officer :- | Finance and Procurement Officer - Richard Barrett |
| Decision to Take Effect at end of :- | 2013/06/21 |
| Attachments :- | A.3 Financial Outturn 2012/12 Report (528K/bytes) |