Recommendations from the Cabinet Meeting held on 22nd June 2011
Minutes:
(i) FINANCIAL OUTTURN REPORT – 2010/2011
The recommendations were moved by Councillor R. Hollingworth and seconded by Councillor M. A. Sherrey JP. Members were informed that it was intended to use the funds released from balances following the abolition of Lickey End Parish Council to purchase computer equipment for Lickey End First School.
RESOLVED:
(a) that the increase in the Capital Programme for 2011/2012 of £2.479m in relation to the carry forward requests as set out in Appendix 1 to the report be approved;
(b) that £5,587 be released from balances following the abolition of Lickey End Parish Council;
(c) that the Annual Governance Statement as set out in Appendix 2 to the report be approved; and
(d) that the Capital Programme for 2011/2012 be increased by £68,000 to meet the cost of solar panels to be installed at the Council’s Depot to be funded by Capital receipts.
(ii) FINANCIAL RESERVES STATEMENT - 2010/2011
The recommendations were moved by Councillor R. Hollingworth and seconded by Councillor M. A. Sherrey JP.
RESOLVED:
(a) that the establishment of new reserves of £474,000 as set out in Appendix 1 to the report be approved;
(b) that the release of reserves of £419,000 which reflects the approval required for January – March 2011 as set out in Appendix 2 to the report be approved; and
(c) that the addition to existing reserves of £289,000 which reflects the approval required for January – March 2011 as set out in Appendix 2 to the report be approved.