Issue - meetings

To consider a report by the Assistant Director, Finance and Resources. (Annex A – to follow)

Noted the spending variations for the revenue budget for 2012/13, the  present position in terms of the revenue budget for 2013/14 outturn, the ongoing performance in respect of new homes bonus and the position on debts collected and written off.

A report by the Assistant Director, Finance and Resources was submitted (a copy of which is appended in the Minute Book) which contained details of the final outturn for revenue expenditure for 2012/13 and the variations between the original 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 £1 million which would be placed in the Special Reserve to fund one-off expenditure that would lead to ongoing savings.  Having been advised that the New Homes Bonus for 2014/15 may be marginally less than that forecast but within the sum included in the risk provision, the Cabinet

RESOLVED

(a)  that the  spending variations for the revenue budget for 2012/13 be noted;

(b)  that the  present position in terms of the revenue budget for 2013/14 outturn be noted;

(c)  that the ongoing performance in respect of new homes bonus be noted; and

(d)  and the position on debts collected and written off.