| Reference Number :- | 2076 |
| Date :- | 2011/06/15 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Financial Outturn 2010/11 |
| Decision :- | (a) That the financial outturn position for 2010/11, as set out in item A.7 of the Report of the Finance and Asset Management Portfolio Holder and the appendices thereto, be noted. (b) That the £1.753m General Fund savings achieved for 2010/11 be allocated as follows:- (i) £0.101m to be added to the General Fund Uncommitted Reserve (Risk reserve) to bring this reserve to the recommended level of £4.0m; (ii) £0.100m to be added to the Technical Services Portfolio to continue and widen parking initiatives; (iii) £0.500m to be added to the Fit for Purpose budget to support actions to deliver the savings target; (iv) £1.052m to be added to the Asset Refurbishment/Replacement Reserve to provide for the maintenance, enhancement and replacement of the Council’s assets. (c) That the revenue commitments of £3.388m to be carried forward from 2010/11 to 2011/12, as set out in Appendix ‘A.2’ to the aforementioned report, be approved. (d) That the financing of capital expenditure for 2010/11, as detailed in Appendix ‘B’ to the aforementioned report, be approved. (e) That the capital budgets of £3.592m to be carried forward from 2010/11 to 2011/12 and the associated carry forward of the revenue contribution to capital of £0.749m be approved. (f) That the updated five year Capital Programme and associated financing, as set out in Appendix ‘C’ to the aforementioned report, be approved. (g) That the movement in uncommitted and earmarked reserves for 2010/11, as set out in Appendix ‘D’ to the aforementioned report, and any amendments arising from (b) above, be approved. (h) That, following the completion of the Housing Revenue Account for 2010/11, the final Housing Revenue Account outturn position for 2010/11 including transfers to or from the Housing Revenue Account balances be agreed in consultation with the Finance and Asset Management and Housing Portfolio Holders. (i) That Officers undertake a further review of budgets to determine where ongoing reductions can be made in light of the outturn position for 2010/11. |
| 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 Financial Services - Karen Neath |
| Decision to Take Effect at end of :- | 2011/06/22 |
| Attachments :- | A7 Report and Appendices (435K/bytes) |