Decision details

The report of the Head of Treasury Services was submitted, advising Members of the overall projected financial position of the General Fund Revenue Budget after six months, for the 2010/11 financial year.  He identified the main variances and issues influencing the projected outturn figure.

Members thanked officers for successfully delivering a very challenging budget and requested clarification on various issues.  In response to a request, the Head of Treasury Services agreed to provide a year-on-year comparison in respect of the debt situation in future years, though noting that the current accounting system had only been in place for 12 months.

Scrutiny Committee – Resources considered the report at the meeting of 24 November 2010 and the support of members was noted.

Executive recommended that Council approve:-

(1)     the General Fund forecast financial position for the 2010/11 financial year;

(2)     the HRA forecast financial position for 2010/11 financial year;

(3)     the outstanding Sundry Debt position as at June 2010; and

(4)     the Statutory Performance Indicator BVPI8 for creditors’ payments.