The Executive Meeting considered the first quarter 2011/12 revenue budget position and agreed that
(i) the virements and budget adjustments detailed in Appendix Two of the report be approved;
(ii) the forecast cash limit and non cash limit outturn positions for 2011/12 be noted;
(iii) the approach to managing cash and non-cash limit surpluses and deficits as set out in the report be noted, and
(iv) the proposed contributions to/from earmarked reserves as described in Section 8 of the report be approved.