Issue - meetings

Financial Performance and Monitoring

 

 

Meeting: 07/02/2012 - Cabinet (Item 115)

115 Financial Performance Forecasts as at 31 December 2011 pdf icon PDF 367 KB

(Report of the Director of Corporate Resources – To be introduced by the Cabinet Member for Finance and Carbon Reduction): To consider the forecast financial revenue and capital outturns for 2011/12 based on actual performance to 31 December 2011.

 

 

Additional documents:

Minutes:

Cabinet considered a report that provided an overview of the forecast financial revenue and capital outcomes for 2011/12 based on actual performance to 31 December 2011.

 

The Cabinet Member for Finance and Carbon Reduction clarified that sums from any under spent budgets would be used to help close the deficit in funding rather than being re-spent in areas where cuts had already been made.

 

 RESOLVED:

 

  1. That progress being made with respect to the Council’s 2011/12 budget with regard to revenue and capital expenditure be noted.

 

  1. That the budget changes set out in Appendix 3 of the report be approved.

 

  1. That the transfer of General Fund risk provision to general reserves, as outlined in paragraph 10.3 of the report, be approved.