Issue - meetings

Issue - meetings

Revenue, Capital Provisional and Housing Revenue Account Outturn 2012/13

Meeting: 25/06/2013 - EXECUTIVE (Item 21)

21 Provisional Revenue Outturn 2012/13 pdf icon PDF 119 KB

 

The report provides information on the provisional outturn for 2012/13, subject to audit.

Additional documents:

Decision:

1.      The outturn position of a £0.5m underspend be approved.  This enables a contribution to reserves to be made, thus strengthening the Council’s long term financial position.

2.      That the proposed transfers to the General Fund Reserve Earmarked Reserves as set out in Appendix B to the report, be approved.

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the provisional outturn for 2012/13, subject to audit.  The 2012/13 revenue outturn was an underspend of £0.5m which was in line with the position that had been forecast for some time. 

 

Members acknowledged that due to efficient management of the Council’s finances, additional contributions had been made to earmarked reserves.  This would help the Council to respond to future funding challenges.

 

Reason for decision:  To facilitate effective financial management and planning.

 

RESOLVED

 

1.      the outturn position of a £0.5m underspend be approved.  This enabled a contribution to reserves to be made, thus strengthening the Council’s long term financial position; and

 

2.      that the proposed transfers to the General Fund Reserve Earmarked Reserves as set out in Appendix B to the report be approved.

 

 


Meeting: 25/06/2013 - EXECUTIVE (Item 23)

23 March 2012/13 Provisional Outturn Housing Revenue Account Revenue and Capital Report pdf icon PDF 86 KB

 

The report provides information on the 2012/13 Housing Revenue Account provisional outturn revenue and capital position as at March 2013.  The position is subject to audit.

Additional documents:

Decision:

1.      That the Revenue outturn be approved.  This is a balanced budget with a contribution to Housing Revenue Account (HRA) Reserves of £11.269m, thus strengthening the Council’s ability to invest and improve its stock of Council Houses.

2.      That the Capital outturn be approved.  This is £0.098m higher than the revised position approved by Council in February.

3.      That Right to Buy sales be noted.  This had increased significantly as a result of changes to discounts, resulting in a year end balance of unapplied capital receipts of £0.657m.

4.      That at the year end HRA reserves of £15.374m be noted, of which £2.0m is identified as a minimum level of HRA Balances.

Minutes:

 

The Executive considered a report from the Executive Member for Social Care, Health and Housing and the Deputy Leader and Executive Member for Corporate Resources that set out the 2012/13 Housing Revenue Account (HRA) provisional outturn revenue and capital position as at March 2013, subject to audit. 

 

Reason for decision:  To facilitate effective financial management and planning.

 

RESOLVED

 

1.      that the Revenue outturn be approved.  This is a balanced budget with a contribution to Housing Revenue Account (HRA) Reserves of £11.269m, thus strengthening the Council’s ability to invest and improve its stock of Council Houses;

 

2.      that the Capital outturn be approved.  This is £0.098m higher than the revised position approved by Council in February;

 

3.      that Right to Buy sales be noted.  This had increased significantly as a result of changes to discounts, resulting in a year end balance of unapplied capital receipts of £0.657m; and

 

4.      that the year end HRA reserves of £15.374m be noted, of which 2.0m is identified as a minimum level of HRA Balances.

 

 


Meeting: 25/06/2013 - EXECUTIVE (Item 22)

22 Provisional Capital Outturn 2012/13 pdf icon PDF 102 KB

 

The report provides information on the provisional capital outturn for 2012/13, subject to audit.

Additional documents:

Decision:

1.      That the outturn position of a £15.7m gross, £6.9m net underspend be approved.

2.      That the deferred expenditure of £14.0m (Gross), £7.1m (Net) be approved for capital schemes in progress from 2012/13 to 2013/14.

Minutes:

 

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the provisional capital outturn for 2012/13, subject to audit.  The gross outturn spend was £64.4m, with the proposed deferral of £14.0m into 2013/14 with an underspend of £1.7m.  Although the revised budget 2012/13 was underspent the Council had still made a significant investment making a real and positive impact on peoples lives and improving Central Bedfordshire.

 

In response to a question about the Luton and Dunstable Busway, the Chief Finance Officer confirmed that the report only dealt with the outturn for 2012/13 but he would contact the Member concerned to confirm the cumulative value of the Busway since the beginning of its construction.

 

The Deputy Leader and Executive Member for Corporate Resources confirmed that in year, the Executive might approve reserve Capital Schemes if there was scope to do so.

 

Reason for decision:  To complete schemes currently underway and facilitate effective financial management and planning.

 

RESOLVED

 

1.      that the outturn position of a £15.7m gross, £6.9m net underspend be approved; and

 

2.      that the deferred expenditure of £14.0m (Gross), £7.1m (Net) be approved for capital schemes in progress from 2012/13 to 2013/14.