Issue - meetings

Report of Head of Finance and Procurement

Summary

This report summarises the Council’s Revenue and Capital performance for the 9 months of the financial year 2011/12 and projections for the full 2011/12 period. These are measured by the budget monitoring function and reported via the Performance Management Framework (PMF) informing the 2011/12 budget process currently underway.

This report also reviews the treasury performance and procurement action plan performance for the first 9 months of 2011/12.

Recommendations

The Executive is recommended to:

(1)         Note the projected revenue & capital position at December 2011.

(2)               Note the Capital Slippage of £9m from the 2011/12 capital programme as detailed in the main body of this report.

(3)               Approve the funding of £20k to the Banbury Citizens Advice Bureau Appeals per paragraph 2.9

(4)         Note the Q3 treasury performance outlined in paragraph 2.17.

(5)               Note progress against the Procurement Action plan detailed in Appendix 1 and the savings recorded in Appendix 2.

Recommendations approved

The Head of Finance and Procurement submitted a report which summarised the Council’s Revenue and Capital performance for the 9 months of the financial year 2011/12 and projections for the full 2011/12 period. These were measured by the budget monitoring function and reported via the Performance Management Framework (PMF) informing the 2011/12 budget process which was currently underway. The report also reviewed the treasury performance and procurement action plan performance for the first 9 months of 2011/12.

Resolved

(1)               That the projected revenue & capital position at December 2011 be noted.

(2)               That the Capital Slippage of £9m from the 2011/12 capital programme be noted.

(3)               That the funding of £20k to the Banbury Citizens Advice Bureau Appeals be approved.

(4)         That the Q3 treasury performance be noted.

(5)               That progress against the Procurement Action plan and the savings achieved be noted.

Reasons

This report illustrates the Council’s performance against the 2011/12 Revenue and Capital Budget and includes details of Treasury Performance as at Qtr 3 – December 2011

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