Issue - meetings

To consider a report by the Head of Financial Services.

  Noted the level of outturn expenditure as at the 31st March 2003 and the action taken by the Corporate Director, Commerce and Technology as set out in Section 3 of the report and recommended to Council that the draft accounts for 2002/03 be approved for the purposes of audit.

A report by the Head of Financial Services was submitted (a copy of which is appended in the Minute Book) which contained details of the outturn of revenue expenditure 2002/03 and the variations between the original and revised budget provision for that year which had resulted in a net reduction in expenditure of £404,000.

In accordance with the Accounts and Audit Regulations 1996, the Cabinet also considered the draft accounts for the year 2002/03 and were acquainted with formal determinations undertaken by the Corporate Director, Commerce and Technology in accordance with the powers delegated to him.

RESOLVED

  (a)that the level of outturn expenditure as at 31st March 2003 and the resulting contribution to revenue reserves be noted;

  (b)that the action taken by the Corporate Director, Commerce and Technology as set out in Section 3 of the report now submitted be noted; and

  (c)that full Council be recommended to approve the draft accounts for 2002/03 for the purposes of audit.