Decision details

The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2012/13 and, if necessary, consider proposals for in-year adjustments aimed at achieving a balanced budget position at the year end

The Cabinet Member for Finance presented a report on the Council’s revenue and capital budget position for the 2012/13 financial year as at 31 October 2012.

The General Fund continued to project an end of year under spend of £0.6m and the Cabinet Member referred to the main areas of over and under spend within each Directorate.  The Housing Revenue Account (HRA) continued to show a projected break-even position, while the Capital Programme forecast was lower than previously reported due, in the main, to further slippage in the HRA programme for 2012/13.

Cabinet agreed:

  (i)  To note the projected outturn position for 2012/13 of the Council’s revenue budget at 31 October 2012, as detailed in paragraphs 2.3 to 2.11 and Appendix A of the report;

  (ii)  To note the progress against the 2012/13 savings targets at 31 October 2012, as detailed in paragraph 2.12 and Appendix B of the report;

 (iii)  To note the position for the HRA at 31 October 2012, as detailed in paragraph 2.13 and Appendix C of the report; and

 (iv)  To note the projected outturn position for 2012/13 of the Council’s capital budget at 31 October 2012, as detailed in paragraph 2.14 and Appendices D and E of the report.