This report sets out the forecast outturn revenue and capital budget position for 2012/13 based on performance in April – June 2012.  It also contains information on key financial indicators in order to provide an assessment of the Council’s financial health.  The report recommends the Board to recommend full Council to make some capital budget adjustments (Table 5 of the report refers).

The Head of Finance submitted a report (previously circulated, now appended)

Scrutiny comments made earlier in the meeting were noted (minute 21 refers.)

Resolved:-

1.  To note the forecast outturn for the General Fund Revenue Budget – Table 1;

2. To note the movement of resources from the Redundancy Cost Contingency to service budgets as per Para 31;

3.  To note the HRA budget virements as detailed in Table 3;

4.  That CEB recommends to Council the addition to the Capital Programme of the schemes detailed in Table 5.