Decision details

Received a report on the Council’s revenue and capital outturn position for the 2005/06 financial year.

Agreed, as a matter of good financial practice, to:

(i)  Note the final outturn position of the Council’s revenue and capital budgets for 2005/06, as detailed in Appendix A to the report, which shows an overall underspend of £33,000;

(ii)  Note the final working balance of £3.5 million for the 2005/06 Housing Revenue Account, as detailed in section 4 of the report;

(iii)  The carry forwards from the 2005/06 revenue budget into the relevant 2006/07 Departmental budgets, as detailed in Appendix B to the report;

(iv)  Note the final outturn position of £88.688m for the 2005/06 Capital Programme, against a total budget of £92.913m, as detailed in Appendix C to the report;

(v)  The carry forward of category A, B, D and E schemes totalling £5.664m from the 2005/06 Capital Programme into 2006/07, as detailed in Appendices D and D(i) to the report;

(vi)  Adjustments to appropriate 2006/07 Capital Programme budgets to reflect advanced expenditure in 2005/06 of £1.507m, as detailed in Appendix E to the report;

(vii)  The roll forward of the category C scheme in the sum of £12,000 from the 2005/06 Capital Programme into 2006/07 as detailed in Appendix F to the report, subject to the necessary approvals via the Capital Programme Management Office (CPMO) process; and

(viii)  Note the outturn position for 2005/06 Prudential Indicators as set out in Appendix G to the report.

The Chief Executive confirmed that the Council’s Capital Programme is the sixth largest in local government in England and Wales.  The Executive commended officers on achieving such a balanced revenue account and on the improvements to the management of the Council’s Capital Programme which has enabled a 95% spend against the overall programme for the year.