1. To approve the slippage requests (outlined in Appendix 2) to finance expenditure on specific items or projects in 2012/13.
2. To approve the transfer the sum of £75,000 to create an earmarked reserve to cover the potential liability of charges from the Council’s Collection Fund.
3. To transfer the remaining year-end balance of £187,000 on the General Fund Revenue Account to General Balances. This will help to mitigate against future risks to the Council’s income streams following implementation of the Local Business Rates Retention scheme from April 2013.
Decision type: Key
Reason Key: A change in service provision that impacts upon the service revenue budget by £100,000 or more;
Decision status: Recommendations Approved
Decision due: 21 Jun 2012 by Executive Cabinet
Lead member: Deputy Executive Leader, Executive Member (Resources, Policy and Performance)
Lead director: Chief Executive
Consultation process
Report to be supplied to consultees
Consultees
Strategy Group, relevant Executive
Member
Will the public be excluded?: Thursday, 24 May 2012