Issue - meetings

Members considered a report on the authority’s financial position for the year ended 31st March 2012. Members considered the summary of financial information on both Revenue and Capital Budgets.

It was noted that due to savings made by officers and the generation of increased income there had been an underspend on the Revenue Budget of £1,050,000 and that the new level of balances was £2,579,000.

The carry forward of elements of the Capital Budget had been recommended for approval by Council at the previous Cabinet meeting.

RESOLVED  that the outturn financial position for 2011/12 in respect of Revenue and Capital Budgets as detailed in the reports be noted, together with the transfer to balances of £638,000.