Issue - meetings

Quarter 4 Finance Report

Meeting: 11/06/2013 - Cabinet (Item 10)

10 Quarter 4 Finance Report pdf icon PDF 53 KB

THE CABINET MEMBER FOR DELIVERING VALUE FOR MONEY, COUNCILLOR RICHARD BOORN, RECOMMENDS:

 

1.      Cabinet note the financial monitoring report and variances highlighted for the final quarter/year end for 31st March 2013, and make any recommendations of action they wish to take as a result of that information.

 

2.      Cabinet consider any feedback/comments from PMBS, and         subject to this:

 

·         approve the proposed appropriation of £23k to the ‘change programme’ earmarked reserves (see paragraph 3.4 of the report);

 

·         approve twelve Business Rates accounts write-offs totalling £91k (see paragraph 4.3 of the report).

 

Additional documents:

Minutes:

The Cabinet received the Quarter 4 Financial Monitoring Report. The Portfolio Holder for Delivery Value for Money presented the report. The Portfolio Holder explained that Cabinet was being asked to note the Quarter 4 Financial Monitoring Report as presented to Performance Management and Budget Scrutiny Committee at its meeting on 4th June 2013. The Portfolio Holder advised Members that Cabinet were also being asked to approve the proposed appropriation of £23k to the ‘change programme’ earmarked reserves, and approve twelve Business Rates account write-offs totalling £91k as detailed in the report.

 

The Portfolio Holder stated that the write-offs of Council Tax and Business Rates compiled during Quarter 4 which amounted to £43k was of cause for concern. The Portfolio Holder also stated that the Cabinet would be looking at ways to reduce this amount.

 

The Chairman of Performance Management and Budget Scrutiny Committee advised Cabinet of the comments made by the Committee at its meeting on 4th June 2013. The Chairman informed Cabinet that the Committee was pleased to note that the Council achieved a small budget surplus at the year end and congratulated budget holders on their work in this respect.  The Committee had also noted that there was a surplus on expenditure in relation to employees last year which was not possible to repeat, attention therefore needed to be given to tighter savings elsewhere.  It was also acknowledged that steps are being taken to deal with incomeshortfalls. The Leader of the Council thanked the Chairman for the comments made by the Committee.

 

The Cabinet was asked to explain debt collection procedures by a Member in attendnace. The Corporate Director, Resources informed Members that the response to the question would be detailed and agreed to liaise with Revenues and Benefits colleagues and provide a written response to all Members.

 

RESOLVED:  That the Cabinet:-

 

1.      note the financial monitoring report and variances     highlighted for the final quarter/year end for 31st March     2013, and make any recommendations of action they wish to       take as a result of that information;

 

2.                            consider any feedback/comments from Performance     Management and Budget Scrutiny Committee, and subject to         this:

 

·         approve the proposed appropriation of £23k to the ‘change programme’ earmarked reserves as set out in paragraph 3.4 of the report; and

 

·        approve twelve Business Rates accounts write-offs totalling £91k as set out in paragraph 4.3 of the report.