Issue - meetings

Cabinet Member: Leader

Forward Plan Ref: 2010/014

Contact: Lorna Baxter, Assistant Head of Finance (Corporate Finance) Tel: (01865) 323971

Report by Assistant Chief Executive & Chief Finance Officer (CA6).

This report presents the provisional revenue and capital outturn for 2009/10, identifies and explains how actual expenditure and income for the year compares to the budgeted position, and includes proposals for the allocation of revenue carry forwards in 2010/11.  Figures shown in the report reflect those included in the Council’s Statement of Accounts for 2009/10 which will be submitted to Audit Committee on 30 June 2010, prior to audit.  However, for reporting and presentational purposes some figures may vary. 

The Cabinet is RECOMMENDED to:

(a)               note the provisional revenue and capital outturn set out in the report;

(b)              approve the carry-forwards and virements as set out in Annex 2;

(c)               recommend Council to approve the virements greater than £0.5m for Children, Young People & Families and Social & Community Services Directorates as set out in Annex 2b;

(d)              approve the changes to balances as set out in the table at paragraph 122;

(e)               agree that the surplus in the On-Street Parking Account at the end of the 2009/10 financial year, so far as not applied to particular eligible purposes in accordance with Section 55(4) of the Road Traffic Regulation Act 1984, be carried forward in the account to the 2010/11 financial year (paragraph 137); and

(f)                 approve the creation of new reserves as set out in Annex 4 and paragraphs 125, 135, 136, 140 and 144.

The Cabinet Member for Finance & Property stated that the report showed that it had been a satisfactory year with strategic measures better than expected.

The cabinet member for Schools Improvement  referred to pages 36 and 37 and commented that school deficits had reduced but that carry forwards had not reduced as much as expected. The Schools Forum had been advised that he would be continuing his rigorous analysis of those schools with carry forward.

RESOLVED:             to:

(a)                   note the provisional revenue and capital outturn set out in the report and schedule of addenda including the updated Annex 1, 3b, and 4 to the report;

(b)                   approve the carry-forward and virements as set out in Annex 2;

(c)                    recommend Council to approve the virements greater than £0.5m for Children, Young People & Families and Social & Community Services Directorates as set out in Annex 2b;t

(d)                    approve the changes to balances as set out in the table at paragraph 122 of the report and the updated position as set out  in the schedule of addenda and updated Annex 5;

(e)                   agree that the surplus in the On-Street Parking account at the end of the 2009/10 financial year, so far as not applied to particular eligible purposes in accordance with Section 55(4) of the Road Traffic Regulation Act 1984, be carried forward in the account to the 2010/11 financial year (paragraph 137); and

(f)                      approve the creation of new reserves as set out in Annex 4 and paragraphs 125, 135, 136, 140 and 144.