Decisions for issue Targeted Budget Management (TBM) Provisional Outturn 2011/12

11.1         The Committee considered a report of the Director of Finance, approved by the Policy & Resources Committee, in relation to the targeted budget management provisional outrun 2011/12. The report outlined the provisional outturn position (Month 12) on the revenue and capital budget for the financial year 2011/12.

11.2         RESOLVED - That the Committee notes the report.

(1)               That the provisional outturn position for the General Fund, which had an underspend of £4.370m be noted.  This included £3.831m for the council controlled budgets (compared to £3.187m assumed at budget setting time) and £0.539m on the NHS managed S75 budgets;

(2)               That the provisional outturn for the Housing Revenue Account (HRA) for 2011/12 be noted;

(3)               That the carry forward requests totalling £5.602m as detailed in Appendix 2 to the report be approved;

(4)               That the changes to provisions and reserves set out under Corporate Budgets in Appendix 1 to the report be approved;

(5)               That the funding of initiatives totalling £0.662m from unallocated reserves in 2012/13 as detailed in Appendix 2 to the report be agreed;

(6)               That t the provisional outturn position on the capital programme be noted; and

(7)               That the following changes to the capital programme be approved:

(i)     The budget re-profiling as set out in Appendix 1 to the report;

(ii)   The carry forward of slippage into the 2012/13 capital programme, to meet on-going commitments on these schemes as set out in Appendix 1 to the report.