Issue - meetings

To receive a report from the Head of Financial Services monitoring progress against the Council’s revenue budget 2011/12.

Figures for Annex B will be “TO FOLLOW”.

Noted the projected budget outturn for 2011/2012 together with details of variations from the previous forecast.

The Cabinet received a report by the Head of Financial Services (a copy of which is appended in the Minute Book) on the projected budget outturn for 2011/2012 together with details of variations from the previous forecast.

Executive Councillors noted that the expected outturn of revenue expenditure was now £20.8m which was £1.6m less than assumed in the draft 2011/2012 budget, however £1.8m of reserves would still need to be used to cover the 2011/2012 deficit. Having expressed their thanks to staff for their efforts in achieving the budgetary outcomes, the Cabinet

RESOLVED

(a)  that the spending variations for the revenue budget 2011/12 be noted; and

(b)  that the position on debts written-off as set out in Annex B to the report now submitted also be noted.