Financial Outturn (2011/12)
Councillor Brian Robinson, Cabinet Member for an Efficient Council and Planning Policy, to present report F.168, detailing the council’s end of year financial results for the period 2011/12.
Cllr Robinson presented report F.168 commenting that he was satisfied with the overall overspend of just £15,000 on a net spend of more than £10 million, which had been broadly in line with expectations. The council proposed to maintain the working balance at the level set by the s151 Officer but reduce requested carry-forwards by approximately two per cent to make up the shortfall. The Performance and Value for Money Scrutiny Panel had considered the report earlier in the week and had requested some responses to questions over detail. These were available from Democratic Services, but the panel had made no recommendations to change the report.
The Leader applauded officers for the small size of the overspend, given current economic circumstances. He invited questions from members present at the meeting, but there were none.
RESOLVED – to
a) note the report;
b) approve the revenue and capital carry forwards contained in Annexes B, D and E.
c) approve the Capital Financing schedule in Annex B.