Issue - meetings

To consider the report of the Assistant Director Finance – report circulated

The Senior Accountant presented the report advising Members of the overall financial performance of the Economy and Development Directorate for the 2012/13 financial year ended 31 March 2013. The final actual outturn had now been calculated and the report highlighted the major differences by management unit from the approved annual budget after adjusting for supplementary budgets and excluding the variance on capital charges.  The total variation for the year shows a surplus of £811,033 against the budget, with a final surplus of £856,527 after accounting for transfers to and from earmarked reserves and revenue contributions to capital. The main variations by management units were detailed.

Scrutiny Committee – Economy noted the report.

(Report circulated)