Issue - decisions

Budget Monitoring 2011/12

21/10/2011 - Budget Monitoring 2011/12

The Cabinet Member for Finance, Revenues and Benefits presented a report on the Council’s revenue and capital budget position for 2011/12 as at 31 August 2011. 

 

The projected full-year pressures on the General Fund had reduced by £0.5m to £4.0m on the position to the end of July and the Housing Revenue Account (HRA) now projected an additional contribution to the HRA reserve of £80,000, an improvement of £127,000 on the previous month’s position.  The report also set out details of a number of proposed capital budget adjustments to reflect the current status of projects.

 

Cabinet agreed:-

 

  (i)  To note the projected outturn position for 2011/12 of the Council’s revenue budget as detailed in paragraphs 2.3 to 2.11 and Appendix A of the report;

 

  (ii)  To note the progress against the 2011/12 savings targets as detailed in paragraph 2.12 and Appendix B of the report;

 

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

 

 (iv)  To note the projected outturn position for 2011/12 of the Council’s capital budget as detailed in paragraph 2.14 and Appendix D of the report; and

 

  (v)  To approve the capital budget adjustments as set out in Appendix E of the report.