Decision - Targeted Budget Management (TBM) 2010-11 Month 9

To update members on the Capital and Revenue financial performance of the Authority's General Fund and Housing Revenue Accounts at month 9

(1)         That Cabinet notes the provisional outturn position for the General Fund.

(2)         That Cabinet notes the provisional outturn for the Section 75 Partnerships and Housing Revenue Account (HRA) for 2010/11.

(3)         That Cabinet approves the changes to the capital programme, as set out in appendices 2 to 6.

Budget monitoring is a key element of good financial management, which is necessary in order for the council to maintain financial stability and operate effectively.

The forecast outturn position on council controlled budgets is an underspend of £1.713m. Any end of year underspend will need to be carried forward to general reserves and will be used to support the 2011/12 budget setting process.