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:

 

  1. 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
  2. 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: