Issue - meetings

To receive a report by the Head of Financial Services.

Noted the spending variations for the revenue budget 2011/12, the present position in terms of the 2012/13 outturn and the position on 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 2011/12 and the variations between the original outturn budget for that year.

Executive Councillors were pleased to note that as a result of under spending the Council had been successful in saving an additional £2.5 million in revenue reserves.  The reduction was mainly due to service managers implementing saving plans and holding posts wholly or partly vacant where feasible.  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;

  (b)  that the present position in terms of the 2012/13 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.