Agenda item

Report of the Cabinet Member for Resources concerning the General Fund Revenue Outturn 2012/13, attached.

The report of the Cabinet Member for Resources was submitted concerning the General Fund Revenue Outturn 2012/13 (copy of report circulated with agenda and appended to signed minutes).

Amendment moved by Councillor Vinson and seconded by Councillor Turner:

Amends recommendation (v) to allocate £300,000 to the Risk Fund in 2013/14, to provide for possible pressures as a result of the Welfare reforms being introduced by Central Government rather than adding this amount to Contingencies.

Amends recommendation vi), which asks Council to approve the use of £1.5M of the 2012/13 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, increasing this amount to £4.4M to fund the cost of the corporate items as set out in Annex 1 to this Amendment.

Amends recommendation viii) to reflect the new position for balances as set out below and in Annex 3 to this Amendment.

AMENDED RESOLUTION TO READ:

(i)  Notes the final outturn for 2012/13 detailed in Appendix 1 of the General Fund Revenue Outturn 2012/13 report on the Council agenda which is an under spend of £7.4M.

(ii)  Notes the performance of individual Portfolios in managing their budgets as set out in paragraph 9 of the General Fund Revenue Outturn 2012/13 report on the Council agenda report and notes the major variances in Appendix 2 of this report.

(iii)  Notes re-phasing on the capital programme means that funding of £313,000 will be needed in future years when the capital spending takes place, as set out in paragraph 14 of the General Fund Revenue Outturn 2012/13 report on the Council agenda.

(iv)  Approves the carry forward requests totalling £926,300, (of which £690,600 relates to central repairs and maintenance), as outlined in paragraph 15 and set out in detail in Appendix 3 of the General Fund Revenue Outturn 2012/13 report on the Council agenda.

(v)  Approves the allocation of £300,000 of the 2012/13 under spend to increase the Risk Fund in 2013/14, to provide for possible pressures which may arise as a result of the Welfare reforms being introduced by Central Government.

(vi)  Approves the use of £4.4M of the 2012/13 under spend to fund the cost of the corporate items, as set out in Annex 1 to this Amendment.

(vii)  Approves the transfer to balances of £500,000 previously allocated within the 2013/14 budget to the Leaders Portfolio, as set out in paragraph 18 of the General Fund Revenue Outturn 2012/13 report on the Council agenda.

(viii)  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 3 to this Amendment.

Copy of the amended Liberal Democrat resolution as circulated at the meeting attached as appendix A to these minutes.

UPON BEING PUT TO THE VOTE THE AMENDMENT WAS DECLARED LOST

UPON BEING PUT TO THE VOTE THE RECOMMENDATIONS IN THE REPORT WERE DECLARED CARRIED

RESOLVED

(i)  That the final outturn for 2012/13 detailed in Appendix 1 to the report which is an under spend of £7.4M 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 in Appendix 2;

(iii)  That it be noted that re-phasing on the capital programme would mean that funding of £313,000 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 £926,300, (of which £690,600 relates to central repairs and maintenance), as outlined in paragraph 15 of the report and set out in detail in Appendix 3 to the report be approved;

(v)  That the allocation of £300,000 of the 2012/13 under spend to increase Contingencies in 2013/14, as set out in paragraph 16 of the report be approved;

(vi)  That the use of £1.5M of the 2012/13 under spend to fund the cost of the corporate items, as set out in paragraph 17 of the report be approved;

(vii)  That the transfer to balances of £500,000 previously allocated within the 2013/14 budget to the Leader’s Portfolio, as set out in paragraph 18 of the report be approved; and

(viii)  That the level of General Fund balances at 31 March 2013 is £29.9M, which reduces to £10.5M over the medium term after taking into account the commitments outlined in the report and previously approved decisions be noted.