Agenda item

Consideration was given to a report on the Council’s performance and financial position as at 30th September 2009. The Head of Financial Services and the Portfolio Holder for Resources referred to additional actions which were being taken to address the projected overspend on revenue at the end of the financial year. Following discussion it was

RESOLVED:

(a)       that it be noted that 62% of Performance Indicators were stable or improving;

(b)       that it be noted that 58% of Performance Indicators were achieving their year to date target;

(c)        that it be noted that 80% of Performance Indicators were predicted to meet their target at year end;

(d)       that the successes and areas for concern as set out in the “Council Summary” be noted;

(e)       that the current financial position on revenue and capital as detailed in the report, together with the proposed actions to mitigate the overspend on revenue be noted;

(f)         that the early release of previously approved earmarked reserves of £249,000 as set out in appendix 5 to the report be noted; and

(g)       that the budget virements contained in appendix 6 to the report be approved.

RECOMMENDED   that the 2009/2010 Capital Programme be reduced by £1,148,000 to take account of the projects listed in appendix 7 to the report, which for the reasons set out will not be delivered in 2009/2010, and that these projects be included in the 2010/2011 Capital Programme.