Agenda item

Financial Monitoring Report 2011/2012 - Spend to 30 May 2011 and Projected Outturn to 31 March 2012

Minutes:

The Head of Finance, HR & Business Support, Neighbourhood Services presented the report which set out details of income and expenditure in the period 1 April 2011 to 31 May 2011, together with a provisional outturn position for 2011/12, and highlighting areas of over / underspend against the revenue budgets at a service expenditure analysis level.

 

The report further detailed the funds and reserves of the Joint Committee at 1 April 2011 and a projected outturn position at 31 March 2012, taking into account the provisional financial outturn at 31 March 2012 (for copy see file of minutes).

 

Members were referred to the table as set out within the report which detailed current budget position, actual spend and forecasted outturn. It was noted that the balance as at 1 April 2011 was £1,438,694 with the projected balance as at 31 March 2012 being £855,956.

 

Resolved: that the April to May 2011 revenue spend financial monitoring report and associated provisional outturn position at 31 March 2012 be noted.

 

 

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