Decision details

(Minute 43)

The report of the Assistant Director Finance was submitted, advising Members of the overall projected financial position of the General Fund Revenue Budget and Housing Revenue Account (HRA) after nine months, for the 2011/12 financial year.

Members noted the main variances in the General Fund budgets and the net surplus in the Housing Revenue Account that would be transferred to the HRA working balance.

Scrutiny Committee – Resources considered the report at their meeting of 21 March 2012 and members’ comments and support were noted.

Executive recommended that Council approves:

(1)        the General Fund forecast financial position for the 2011/12 financial year;

(2)        the HRA forecast financial position for 2011/12 financial year;

(3)        the outstanding Sundry Debt position as at December 2011; and

(4)        the creditors’ payments performance.