Decision details

The report outlines the financial performance of the Council in regard to its 2008/2009 Revenue and Capital Budgets

The Executive will be asked to consider the position of the Council’s Revenue and Capital Outturn, and any subsequent amendments to 2008/09 budgets arising from the outturn position

Received a report from the Corporate Director of Resources regarding the Council’s provisional revenue and capital outturn position for the financial year 2008/09.

Agreed, in order to assist the Council to achieve all of its Community Priorities and as a matter of good financial practice, to:

  (i)  note the final outturn position of the Council’s revenue budgets for 2008/09 (Section’s 1 and 2 and Appendix A of the report);

  (ii)  Approve the final in-year budgets adjustments as set out in paragraph 2.7 of the report;

  (iii)  Approve the use of the Council’s General Reserve balances to fund the minimal 0.3% 2008/09 overspend (Section 2.8 of the report);

  (iv)  Approve the carry forwards from the Revenue budget to be incorporated into the relevant 2009/10 Departmental budgets (Section 2.16 of the report);

  (v)  Note the position of the working balance for the Housing Revenue Account (Section 3 of the report);

  (vi)  Note the outturn position for the 2008/09 Financial Health Indicators (Section 4 and Appendix B of the report);

  (vii)  Note the final outturn position of the Council’s Capital programme  and approve the additional budget adjustments (Section 5 and Appendix C of the report);

  (viii)  Approve the carry forward of categories A and E (i.e. committed and rolling programmes) from the 2008/09 Capital Programme to be incorporated into future years service capital programmes subject to a review by CPMO (Appendix D and D(i) of the report);

  (ix)  Approve that the appropriate 2009/10 Capital budgets be adjusted for advanced expenditure in 2008/09 of £7.9m (Appendix E of the report); and

  (x)  Note the outturn position for 2008/09 Prudential Indicators (Section 6 and Appendix F of the report).