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 three months, for the financial year 2010/11.

Scrutiny Committee – Resources considered the report at their meeting on 15 September 2010 and the comments and support of Members were noted. Executive supported the proposal that the Scrutiny Committee – Resources Budget Working Group meet in due course to review budget proposals for the coming financial year.

Members recorded their appreciation to officers for the relatively healthy projected position in the face of very challenging financial circumstances.

Executive noted and approved:-

(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 BVP18 for creditors’ payments.