Issue - meetings

To receive a report by the Head of Financial Services.

Noted the final outturn for revenue expenditure for 2009/2010, the present position in terms of 2010/11as well as debts collected and written-off.

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 final outturn for revenue expenditure for 2009/2010 and the variations between the original and the outturn budget for that year.

Members noted that £1913,000  had been transferred to a Special Reserve to finance any “invest to save” proposals.  In discussing the main variations in the programme, Executive Councillors mentioned the reduction in income from schools using the leisure centre facilities. The Cabinet also noted the position in terms of the monitoring of the revenue budget in the current year to date and the impact of the Government’s announcement that a number of grants already awarded for 2010/11 would now be withdrawn.  Their attention having been drawn to an increase in the total amount of payments written-off during April to June 2010 for Council Tax and National Non Domestic Rates, Members were advised that this was a consequence of the downturn in the economic climate.

RESOLVED

  (a)  that the spending variations for the revenue budget for 2009/2010 be noted;

  (b)  that the present position in terms of the revenue budget for 2010/2011 outturn be noted; and

  (c)  that the position on debts collected and written-off as set out in Annex C to the report now submitted be noted.