Issue - meetings

To consider a report of the Executive Councillor (Finance)

The Executive Councillor (Finance) submitted a report (copies of which had been circulated) setting out the 2010/11 outturn position on the Council’s revenue account.

It was reported that before any additional transfers, there was an overall surplus of £2.837m.  The £1.458m cash limit surplus had largely arisen from within the Children and Young People Portfolio, offset by deficits against Regeneration, Transportation and the Planning and Highways Committee.  The cash limit position at outturn reflected amounts appropriated into portfolio reserves to take action to reduce expenditure in advance and in preparation for 2011/12. There was a non-cash limit surplus of £1.379m.

RESOLVED – (1) That the report be noted.

(2) That approval be given to:-

·         The approach to managing cash and non-cash limit surpluses and deficits set out in the report, including the proposal to fund £.0.200m of the Transportation Portfolio Deficit from General Balances; and

·         The proposed contributions to/from earmarked reserves as described in Section 8 of the report.