Issue - meetings
Corporate Financial Monitoring Report - April to September 2013
Meeting: 04/12/2013 - Overview and Scrutiny Committee (Item 588)
588 CORPORATE FINANCIAL MONITORING REPORT - APRIL to SEPTEMBER 2013 
PDF 185 KB
A report from the Deputy Leader and Cabinet Member for Finance and Corporate Affairs is attached.
Additional documents:
- Capital Summary Appendix A, item 588
PDF 34 KB
- HRA Summary Appendix B, item 588
PDF 31 KB
- Appendix C Prudential Indicators mth 6 1314, item 588
PDF 51 KB
Minutes:
The Deputy Leader of the Council and Cabinet Member for Finance and Corporate Affairs submitted a report which informed members of the Council’s financial position for the period April to September 2013 and projected the likely outturn at the end of 2013/2014.
The report also included Prudential Indicators in accordance with CIPFA’s Prudential Code.
During discussion of this item, the Assistant Director of Resources confirmed that the £400,000 increased dividend from the revaluation of Manchester Airport had been factored into future years budgets.
In response to a question from Councillor Daly it was explained that revenue from the increase in last year’s Council tax had been allocated to fund the pay award; finance the cost of agreed budget amendments; with any remainder being factored into the £2.2m savings requirement for 2014-2015.
It was agreed:
1. That the Council’s financial position as at 30 September 2013 be noted.
2. That the s151 Officer’s assessment of the minimum level of balances noted.
Meeting: 27/11/2013 - Cabinet (Item 565)
565 Corporate Financial Monitoring Report - April to September 2013 PDF 184 KB
Additional documents:
- Capital Summary Appendix A, item 565
PDF 34 KB
- HRA Summary Appendix B, item 565
PDF 31 KB
- Appendix C Prudential Indicators mth 6 1314, item 565
PDF 51 KB
Minutes:
The Deputy Leader of the Council and Cabinet Member – Finance and Corporate Affairs submitted a report which informed members of the Council’s financial position for the period April to September 2013 and projected the likely outturn at the end of 2013/2014.
The report also included Prudential Indicators in accordance with CIPFA’s Prudential Code.
Delegated decisions:
1. That the Council’s financial position as at 30 September 2013 be noted.
2. That approval be given to the s151 Officer’s assessment of the minimum level of balances.
Reasons for the decision:
The Council has a statutory duty to undertake budget monitoring.
Other option considered and rejected:
To reject the recommendation.