Issue - meetings

Cabinet Member: Finance & Property

Forward Plan Ref: 2011/173

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

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

This report sets out the forecast position for each Directorate.  This includes the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2011/12 – 2015/16.   Parts 1 and 2 include projections for revenue, reserves and balances as at the end of December 2011.  The Capital monitoring is included at Part 3. 

The Cabinet is RECOMMENDED to:

a)        note the report and approve the virements as set out in Annex 2a;

b)        Agree the creation of the new reserves as set out in paragraph 43 to 46; and

c)         Approve the new schemes and budget changes set out in Annex 9c.

Cabinet considered a report that set out the forecast position for each Directorate.  This included the delivery of the Directorate Business Strategies which were agreed as part of the Service and Resource Planning Process for 2011/12 – 2015/16.   Parts 1 and 2 included projections for revenue, reserves and balances as at the end of December 2011.  The Capital monitoring was included at Part 3. 

The Cabinet Member for Finance & Property in moving the recommendations detailed the Directorate positions set out in the report and referred to proposals for the new reserves. He outlined the position with redundancie and highlighted the virements requested.

RESOLVED:            to:

a)         note the report and approve the virements as set out in Annex 2a;

b)         Agree the creation of the new reserves as set out in paragraph 43 to 46; and

c)         Approve the new schemes and budget changes set out in Annex 9c.