Decision details
Quarterly Budget Monitoring Report 2010/11 - position as at November 2010
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To decide any remedial action if significant variances
Decision:
Resolved that:
- The contents of the report including the key projected variances to the original 2010/11 budget which have enabled the council to deliver a balanced revised budget be noted
- The intention to recommend to Council as part of the budget proposals for 2011/12 to transfer the interest due from its Icelandic deposits (as detailed in paragraphs 3.6 to 3.8) to the Interest Equalisation Reserve to offset any future impairment’s that may arise on these deposits be noted.
Reason Key: Requires a budget expenditure or saving of £100,000 or more;
Wards Affected: (All Wards);
Scrutiny Committee: EBI
Other reasons / organisations consulted
SLT, Legal & HR
Contact: Paul Jones, Deputy Chief Executive (Section 151 Officer) Email: [email protected] Email: [email protected].
Report author: Paul Jones
Publication date: 21/12/2010
Date of decision: 21/12/2010
Decided at meeting: 21/12/2010 - Cabinet
Effective from: 01/01/2011
Accompanying Documents: