Decision details

To note the revenue outturn position for 2010/11, including treasury management

RESOLVED:

1.  That the budget movements set out in Appendix A of the report be approved.

2.  That the following be noted:

·  The general fund outturn for 2010/11

·  The release of £11.3m of reserves to support services and £1.7m for capital purposes

·  The overall net reduction in reserves of £2.5m, prior to technical adjustments

·  The favourable variance of £3.906m on the general fund which has been taken to the modernisation reserve

·  The favourable variance of £2.361m on the schools budget which has been taken to the dedicated schools grant reserve

·  The housing revenue account’s (HRA) outturn for 2010/11 and movement on reserves

·  The achievements of savings against the budgeted targets for the year

·  The collection fund’s year-end surplus balance

·  The treasury management activity for the year.