Decision details

(Minute 72)

The report of the Acting Assistant Director Finance was submitted, advising Members of the overall financial position of the Housing Revenue Account (HRA) and General Fund Revenue Budgets for the 2012/13 financial year. Final accounts showed an overall increase in the HRA working balance from £5,764,423 to £6,290,297, an increase of £525,874 as compared with the planned increase of £2,320,270. The General Fund Service Committees showed an overall underspend of £353,970 against a revised budget of £13,718,210.

Members were updated on the Earmarked Reserves position, which included potential costs in respect of the compensation claims for the RAMM project, Exeter Business Against Crime and the Exe Harbour Review.

Scrutiny Committee – Resources considered the report at its meeting on 19 June 2013 and the comments of the members were noted.

Executive recommended that Council:-

(1)        approves the net transfer of £1,128,348 to Earmarked Reserves, as detailed in paragraph 3.11;

(2)        approves the supplementary budgets of £287,860, as detailed in paragraph 3.16;

(3)        notes the Earmarked Reserves at 31 March 2013;

(4)        notes the Council Tax account and collection rate;

(5)        notes the outstanding sundry debt, aged debt analysis and debt write-off figures;

(6)        notes the creditor payments performance;

(7)        by taking into account the overall financial position of the Council, as set out in paragraph 3.14, approves the General Fund working balance at 31 March 2013 at £3,358,047; and

(8)        approves the Housing Revenue Account working balance at 31 March 2013 at £6,290,297 and the Council Own Build working balance at £73,498.