Issue - meetings

To consider the report of the Head of Treasury Services.

(Report circulated)

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 nine months, for the 2010/11 financial year.

Scrutiny Committee - Resources considered the report at their meeting on 23 March 2011 and their support and comments were noted.

Executive recommended that Council notes and approves:

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

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

(3)        the outstanding Sundry Debt position as at 31 December 2010; and

(4)        the Statutory Performance Indicator BVP18 for creditors’ payments.

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 nine months, for the 2010/11 financial year.

Scrutiny Committee - Resources considered the report at their meeting on 23 March 2011 and their support and comments were noted.

RECOMMENDED that Council notes and approves:

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

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

(3)        the outstanding Sundry Debt position as at 31 December 2010; and

(4)        the Statutory Performance Indicator BVP18 for creditors’ payments.

(Report circulated)

To consider the report of the Head of Treasury Services.

Scrutiny Committee – Resources considered the report at its meeting on 15 September 2010 and comments will be reported.

(Report circulated)

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.

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 was 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.

RESOLVED that the following be 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.

(Report circulated)

To consider the report of the Head of Treasury Services - report circulated

The Head of Treasury Services presented a report on the overall projected financial position of the General Fund Revenue Budget after three months, for the 2010/11 financial year.

The Head of Treasury Services advised Members that the Service Committee budgets showed a forecast over spend of £49,800 (0.29%) against a revised Service Committee Net Expenditure budget of £17,356,360 and an overall over spend of £41,432 against the General Fund Expenditure. The budgets for 2010/11 included a provision of 0.7% for the pay award.  The current position was that Local Government Employers had not offered a pay award for the current year.

The Director Corporate Services stated that no pay award had been offered to the employees therefore there was no offer for the Unions to accept or reject.

Members were informed that it was anticipated that there would be an increase in the housing benefit costs and that the car park fees were slightly above the budgeted income figures.

In response to a Member, the Head of Treasury Services stated that once a debt was over one year old a bad debt provision for the full amount was made. However, the Council still made every effort to recover the monies.

The Director Corporate Services advised that it was intended that the all party budget working group from this Committee that had met in previous years to review the budget proposals would be reformed and meet again in due course.

The Scrutiny Committee - Resources supported the report and recommended approval by Council of the:-

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

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

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

(4)     Statutory Performance Indicator BVPI8 for creditor’s payments; and

(5)     the proposal that the Scrutiny Committee  - Resources Budget Working Group meet in due course to review budget proposals for the coming financial year.

(Report circulated)