Issue - meetings

(Report of the Director of Corporate Resources – To be introduced by the Cabinet Member for Finance and Sustainability): To set out the provisional revenue and capital outturn for 2009/10 and to consider revenue and capital carry forward requests.

(Report of the Director of Corporate Resources - Agenda Item 7)

We noted that the report set out the provisional and capital outturn for 2009/10 and asked the Cabinet to consider revenue and capital carry forward requests. Details of the overspend for 2009/10 and the general reserve were noted.

With regard to Haringey Forward it was noted that proposals for its future would be subject to further consideration.

RESOLVED:

1.      That the provisional general fund revenue outturn of a £2.183 million overspend for 2009/10 be noted and it be further noted that the figure would increase to £2.391 million on approval of the revenue carry forward requests set out below.

2.    That the reasons for variations be noted and approval be granted to the planned transfers to reserves detailed in Appendix A to the interleaved report, including the transfer from general balances of £2.391 million to fund the net revenue overspend.

3.    That the provisional Housing Revenue Account (HRA) outturn be noted and approval be granted to the treatment of the Homes for Haringey deficit set out at paragraph 13.17 of the interleaved report.

4.    That approval be granted to the revenue carry forward proposal amounting to £0.515 million set out in Appendix C and the required carry forward of the Catering DSO trading deficit of £0.307 million be noted.

5.    That the provisional capital outturn of a £27.8 million under spend and the reasons for variations set out in Appendix B be noted.

6.    That approval be granted to the capital carry forward requests proposals of £21.4 million set out in Appendix D.

7.    That authority be delegated to the Chief Financial Officer, in consultation with the Cabinet Member for Finance and Sustainability, to approve additional capital carry forward requests, relating to contractually committed schemes only given the level of available funding as described in paragraph 13.15 of the interleaved report.

8.    That the Chief Financial Officer carry out a review of the 2010/11 capital programme together with the 2009/10 carry forward requests that do not relate to contractually committed schemes in order to ensure the viability of the entire programme in light of likely reductions in available capital resources and that the outcome of the review together with the proposals for carry forward of capital receipt funded schemes, be reported to the July meeting of the Cabinet.

9.    That the outturn of a £2.208 million overspend for schools that decreased schools’ balances to £4.407 million at the end of 2009/10 and the carry forward of the in-year deficit be noted.

10. That the carry forward of a £0.722 million Direct Schools Grant under spend referred to in paragraph 14.3 of the interleaved report be noted and approval be granted to the earmarking proposed therein to help support child safeguarding resource issues and that a report be taken to the Schools Forum outlining this proposal and seeking their support. 

11. That authority be delegated to the Chief Financial Officer to prepare the Council’s financial accounts such that the  ...  view the full minutes text for item 4