Issue - meetings

Cabinet Member: Finance & Property

Forward Plan Ref: 2010/137

Contact: Kathy Wilcox, Principal Financial Manager Tel: (01865) 323981

Report by Assistant Chief Executive & Chief Finance Officer (CA 6).

This is the fifth financial monitoring report for the 2010/11 financial year and covers the period up to the end of October 2010.  Part 1 & 2 set out the Council's forecast position for the 2010/11 financial year and include projections for revenue, balances, reserves. The capital programme monitoring and capital programme review update is included at Part 3. 

The Cabinet is RECOMMENDED to:

(a)               note the report and approve the virement requests as set out in annex 2a;

(b)              approve the creation of the New Dimensions reserve as set out in paragraph 42, and the transfer to reserves set out in paragraphs 41 and 42; and

Cabinet considered the next in a series of financial monitoring reports  for the 2010/11 financial year hat covered the period up to the end of October 2010.  Part 1 & 2 set out the Council's forecast position for the 2010/11 financial year and included projections for revenue, balances, reserves. The capital programme monitoring and capital programme review update was included at Part 3. 

The Cabinet Member for Finance & Property drew attention to the corrected recommendations set out in the addenda.

RESOLVED  to:

(a)           note the report and approve the virement requests as set out in annex 2a;

(b)          approve the creation of the New Dimensions reserve as set out in paragraph 43, and the transfer to reserves set out in paragraphs 42 and 43; and

(c)           note the schemes released from the capital moratorium under the delegated authority of the Chief Executive & Chief Finance Officer as set out in paragraph 71 to 73 and Annex 7.