Issue - meetings
Periodic Reporting - Finance - Year End 2011/12
Meeting: 04/07/2012 - City Executive Board (became Cabinet on 13 May 2019) (Item 6)
6 Periodic Reporting - Finance - Year End 2011/12 PDF 175 KB
This report presents the financial outturn for the year ending 31st March 2012. It recommends the Board to:-
v Note the financial outturn for 2011-12 of £25.3 million which is £0.5 million favourable to the approved budget for 2011/12;
v Approve the transfer of the £0.5m surplus to Earmarked Reserve for funding Capital;
v Approve transfers to the General Fund and HRA Working Balances of £0.8 million and £0.6 million respectively;
v Approve the carry forward requests as detailed in Appendix B to the report.
Additional documents:
- Finance Outturn A, item 6
PDF 25 KB View as DOC (6/2) 28 KB
- Finance Outturn B, item 6
PDF 24 KB View as XLS (6/3)
28 KB
- Finance Outturn C, item 6
PDF 26 KB View as XLS (6/4)
1 MB
- Finance Outturn D, item 6
PDF 49 KB View as XLS (6/5)
1 MB
- Comments and Recommendations from the Value and Performance Scrutiny Committee, item 6
PDF 86 KB View as DOC (6/6) 179 KB
Minutes:
The Head of Finance submitted a report (previously circulated, now appended). The Chair of the Value and Performance Scrutiny Committee submitted a report (previously circulated, now appended) containing scrutiny comments on the periodic report.
Resolved to:-
(1) Note the financial outturn for 2011-12 of £25.3 million which was £0.5 million favourable compared to the approved budget for 2011/12;
(2) Approve the transfer of the £0.5m surplus to Earmarked Reserve for funding Capital subject to further discussion in the Autumn in the context of the review of the Medium Term Financial Strategy;
(3) Approve transfers to the General Fund and HRA Working Balances of £0.8 million and £0.6 million respectively;
(4) Approve the carry forward requests as detailed in Appendix B to the report;
(5) Note partnership payments to staff as detailed in paragraphs 37-40 of the report;
(6) To note advise given by the Executive Director, Organisational Development and Corporate Services on recruitment (paragraph 7 of the Scrutiny report refers) and to ask Executive Directors to consider the effects of delays in recruitment on services and plans in terms of planning work programme delivery.