Decision Taken By: CABINET
Decision No: D110089CAB
Date: 22nd June 2011
Decision(s) and Reason(s)
Revenue and Capital Outturn 2010/11
Minutes
In accordance with Financial Procedure Rule 11.11 a report and accompanying information was presented showing actual Revenue and Capital Outturn for the year ended 31 March 2011 together with recommendations regarding proposed adjustments to the Accounts in the light of the outturn position. It was noted that compared with the revised estimate, the overall revenue outturn showed a favourable variance of £200,000, the principal reasons for which were explained.
The report also contained an annual Treasury Management and Investment Strategy Review for 2010/11 as required by the adopted CIPFA Code of Practice.
The Cabinet recorded thanks to all officers involved in achieving the welcome outturn result.
The Cabinet resolved that:
1) the Revenue and Capital Outturn for the year 2010/11 be received and approved;
2) the recommendations following a review of specific earmarked reserves set out at paragraph 1.2.2 of the report be endorsed; and
3) the Treasury Management and Investment Strategy Review 2010/11, as set out at Annex 4 to the report, be received and approved.
Reasons: As set out in the joint report of the Chief Executive, Director of Finance, the Leader and the Cabinet Member for Finance.
Signed Chief Executive: D Hughes
Date of Publication: 24 June 2011
This decision will come into force and may then be implemented on the expiry of 5 working days after publication unless it is called in.