Decision details

To decide any remedial action required if significant variances

RESOLVED THAT

1. the contents of this report including the key projected variances to the revised 2012/13 budget and the projected total budget saving of £212,100 be noted. 
   
   
2. in principle, recommend to Council, as part of the 2012/13 outturn report to Council on 24^th June 2013, that this projected budget saving be used to create a provision to fund any additional expenditure relating to the new business rates retention scheme and any possible future fluctuations on business rates (paragraph 4.2).
   
   
3. the write off of irrecoverable business rate debts totalling £68,587.90 (paragraph 4.3) be approved, noting that doing so does not impact adversely on the Council (paragraph 4.4).