Agenda item

– report by Mr John Simmonds  – Cabinet Member for Finance and Business Support and Mr Andy Wood, Acting Corporate Director, Finance and Procurement) (A revised schedule relating to staffing levels was circulated at the meeting)

(1) Mr Simmonds highlighted the main areas of this report which set out the provisional revenue and capital outturn for 2010/11.  The report also detailed revenue projects which had been rescheduled and where there was under or overspending.  Mr Simmonds also highlighted the monitoring of key activity as detailed in appendix 4 of the report. Mr Wood referred to page 14 of the report and said that the reserves which had been identified were a one-off so therefore would not be available in future years.

(2) On behalf of Cabinet Mr Carter placed on record his thanks to the Corporate Management Team and other members of Staff for the part they had played in managing and delivering this budget.

 (3) CabinetResolved that:

(i) the provisional outturn position for 2010-11 be noted.

(ii) agreement be given to £8.721m of the 2010-11 revenue under spend being rolled forward to fund existing commitments, as detailed in sections 1 to 4 of Appendix 2 to the Cabinet Report.

(iii) agreement be given for£0.250m of the 2010-11 roll forward being  used to contribute towards the Bold Steps for Health agenda, as detailed in section 6a of Appendix 2 of the Cabinet Report.

(iv) agreement be given to £0.250m of the 2010-11 roll forward being used to contribute towards the Elections Reserve, as detailed in section 6b of Appendix 2 to the Cabinet Report.

(v) agreement be given for the £2.128m remainder of the 2010-11 revenue under spending being set aside in the Economic Downturn reserve.

(vi) agreement be given to the following contributions to reserves all of which were reflected in the outturn position presented in the Cabinet report.

(a)       Kent Adult Social Services portfolio paragraph 3.2.5.6, transfer of £1.128m to the Social Care Supported Living costs reserve reflecting a delay in legal opinion regarding responsibility for a number of clients in supporting living arrangements in Kent who are currently funded by other authorities.

(b)       Corporate Support & Performance Management portfolio paragraph 3.2.9.1, transfer of £2.270m to a new Libraries IT PFI grant reserve to reflect a change in the treatment of this grant by Government from quarterly payments until 2016-17 to a final lump sum settlement;

(c)  Corporate Support & Performance Management portfolio paragraph 3.2.9.2, transfer of £1.042m to a new KPSN development reserve to fund the re-phased upgrades to core IT infrastructure; and,

(d)       Finance portfolio paragraph 3.2.10.1, transfer of £6.8m to the Economic Downturn reserve for potential aborted capital costs.

(vii)  that £3.346m of capital re-phasing from 2010-11  be added into 2011-12 and later years, as detailed in Appendix 3 of the Cabinet Report and the 2011-12 Capital Programme be adjusted to reflect other 2010-11 variances as reported in the outturn.

(viii) Note the final monitoring of the key activity indicators for 2010-11 as detailed in Appendix 4 of the Cabinet Report, 

(viii) the final financial health indicators for 2010-11 be noted as detailed in Appendix 5 of the Cabinet report be noted. .

(ix) the final monitoring of the prudential indicators for 2010-11be noted  as detailed in Appendix 6 of the Cabinet report.

(x) the impact of the 2010-11 provisional revenue budget outturn on reserves be noted, as detailed in section 3.6 of the Cabinet report; and,

(xi) it be noted that the schools’ revenue and capital reserves had reduced by some £3.417m with the reasons for that being detailed in the Cabinet report.