Agenda item

Financial Monitoring Report 2011/12: Spend to 31/12/11 and Projected Outturn to 31/03/12.

The Head of Finance (Financial Services) presented the report, which set out details of income and expenditure in the period 1 April 2011 to 31 December 2011, together with the forecast outturn position for 2011/12, and highlighted areas of over/under spend against the revenue budgets at a service expenditure analysis level (for copy, see file of Minutes).

The Report also set out details of the funds and reserves of the Joint Committee at 1 April 2011 and the projected position at 31 March 2012, taking into account the forecast financial outturn projection of income and expenditure during the year.

In addition the Report also included summary details of the Cremator Replacement and associated buildings work project.

The Head of Finance (Financial Services) advised that income and expenditure were being controlled very well and that any surplus funds were proposed to be placed into reserves.

Resolved:

(i)           That the April to December 2011 Revenue spend financial monitoring report and associated provisional outturn position 2011/12 be noted;

(ii)          That the April to December 2011 cremator replacement and redevelopment Capital Project spend and associated outturn be noted.