Decision - Targeted Budget Management (TBM) 2010-11 Month 9
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Decision details
Targeted Budget Management (TBM) 2010-11 Month 9
Decision Maker: Cabinet (pre 2012)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To update members on the Capital and Revenue financial performance of the Authority's General Fund and Housing Revenue Accounts at month 9
Decision:
(1) That Cabinet notes the provisional outturn position for the General Fund.
(2) That Cabinet notes the provisional outturn for the Section 75 Partnerships and Housing Revenue Account (HRA) for 2010/11.
(3) That Cabinet approves the changes to the capital programme, as set out in appendices 2 to 6.
Reasons for the decision:
Budget monitoring is a key element of good financial management, which is necessary in order for the council to maintain financial stability and operate effectively.
Alternative options considered:
The forecast outturn position on council controlled budgets is an underspend of £1.713m. Any end of year underspend will need to be carried forward to general reserves and will be used to support the 2011/12 budget setting process.
Report author: Jeff Coates
Publication date: 17/02/2011
Date of decision: 17/02/2011
Decided at meeting: 17/02/2011 - Cabinet (pre 2012)
Effective from: 25/02/2011
Accompanying Documents:
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