Issue - meetings

Quarterly Revenue Monitoring Report outturn, including treasury management

10 Revenue Outturn Report 2010/11, including treasury management

To approve budget movements and note budget activity.

Supporting documents:

Minutes:

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.