Agenda item

Report of the Cabinet Member for Resources concerning the General Fund Revenue Outturn for 2011/12, attached

The report of the Cabinet Member for Resources was submitted concerning the General Fund Revenue Outturn for 2011/12 (copy of report circulated with agenda and appended to signed minutes).

Amendment moved by Councillor Vinson and seconded by Councillor Turner

Amend recommendation (v) which asks Council to approve the use of £5.5M of the 2011/12 under spend to fund the cost of the corporate items as set out in paragraph 17 of the General Fund Revenue Outturn report on the Council Agenda, reducing this amount to £3.4M to fund the cost of the corporate items as set out in Annex 1 to this Amendment.

Add recommendation (vi) as set out below.

AMENDED RECOMMENDATIONS TO READ:

(i)  Notes the final outturn for 2011/12 detailed in Appendix 1 to the General Fund Revenue Outturn 2011/12 report on the Council Agenda, which is an under spend of £6.9M;

(ii)  Notes the performance of individual Portfolios in managing their budgets as set out in paragraph 9 of the General Fund Revenue Outturn 2011/12 report on the Council Agenda and notes the major variances in Appendix 2 of the report;

(iii)  Notes re-phasing on the capital programme means that funding of £77,100 will be needed in future years when the capital spending takes place as set out in paragraph 14 of the General Fund Revenue Outturn 2011/12 report on the Council Agenda;

(iv)  Approves the carry forward requests totalling £786,000 (of which £521,000 relates to central repairs and maintenance) as outlined in paragraph 16 and set out in detail in Appendix 3 of the General Fund Revenue Outturn 2011/12 report on the Council Agenda;

(v)  Approves the use of £3.4M of the 2011/12 under spend to fund the cost of the corporate items as set out in Annex 1 to this Amendment;

(vi)  Notes the position for balances after taking into account the commitments outlined in this Amendment and the funding required for the current capital programme, as set out in Annex 2 to this Amendment.

(Copy of annex 1 and 2 as circulated at the meeting attached as appendix C to these minutes).

UPON BEING PUT TO THE VOTE THE AMENDMENT WAS DECLARED LOST

RESOLVED:

(i)  that the final outturn for 2011/12 as detailed in Appendix 1 to the report which is an under spend of £6.9M, be noted;

(ii)  that the performance of individual Portfolios in managing their budgets as set out in paragraph 9 of the report be noted together with the major variances set out in Appendix 2 to the report;

(iii)  that it be noted that re-phasing on the capital programme means that funding of £77,100 would be needed in future years when the capital spending takes place as set out in paragraph 14 of the report;

(iv)  that the carry forward requests totalling £786,000 (of which £521,000 relates to central repairs and maintenance) as outlined in paragraph 16 and set out in detail in Appendix 3 to the report be approved; and

(v)  that the use of £5.5M of the 2011/12 under spend to fund the cost of the corporate items as set out in paragraph 17 to the report be approved.