Issue - meetings

(Report of the Assistant Director Finance - to be introduced by the Cabinet Member for Finance and Carbon Reduction). To advise Cabinet of the forecast revenue and capital outturns for 2012/13 based on actual performance to 31 July 2012 and to consider proposed management actions and budget adjustments in response to monthly budget management during the financial year to date.

Cabinet considered a report, introduced by the Cabinet Member for Finance and Carbon Reduction, which forecast financial revenue and capital outturns for 2012/13, based on actual performance to 31 July 2012; the report also sought approval of budget adjustments (virements) in response to monthly budget management.

RESOLVED:

1. That the report and the progress being made against the Council’s 2012/13 budget, with respect to revenue and capital expenditure, be noted.

2. That the budget changes (virements) set out in Appendix 3 of the report be approved.

3. That the capital carry forward of £396k relating to Alexandra Park and Palace from 2011/12 to 2012/13 be approved.