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Agenda Item No. 12(a)

 

THE VALE OF GLAMORGAN COUNCIL

 

COUNCIL: 26TH SEPTEMBER, 2012

 

REFERENCE FROM CABINET: 9TH JULY, 2012

 

 

C1763                       CLOSURE OF ACCOUNTS 2011/12 (L) (SCRUTINY - CORPORATE RESOURCES) -

 

Cabinet were informed of the provisional financial position of the Council for the 2011/12 financial year.

 

The Council on the 28th February 2011 (minute no.957) had agreed the Authority’s budget requirement for 2011/12. This represented estimated net expenditure for the Authority of £201,536,295. Total expenditure was to be financed by Revenue Support Grant (£121,680,773), National Non-Domestic Rates contribution (£28,951,384) and Council Taxpayers (£50,904,138). The Standard Spending Assessment (SSA) for the year was £202,787,877.

 

The revenue estimates had been amended  and approved by Cabinet during the financial year, however they were at the same overall net level as the original estimate £202,036,295 (before use of General Reserves of £500,000). The actual expenditure against this for 2011/12 was noted as £201.401M.

 

Certain accounting adjustments had also been made to service budgets in respect of:

  • Depreciation of Assets. This charge can vary for a year due to an increase / decrease in the valuation of assets. These movements needed to be incorporated into the accounts.
  • IAS 19 Retirement Benefits. The purpose of this standard was to ensure that the operating costs of providing retirement benefits to employees are recognised in the accounting period in which they are earned by the employees.
  • Single Status - the estimates had been amended as Policy had been charged with the estimated costs for 2011/12.
  • Energy - this estimate was not required for 2011/12 and had been transferred back to Policy from service committees.
  • Carbon Reduction Scheme. - The original estimate for this was included in Policy, however it had been re distributed to the relevant service.

Appendix ‘1’ to the report amended the revised estimates to take account of the above adjustments it being noted that there was no overall effect on the Authority.

 

Set out below is the table comparing the amended estimate and the actual expenditure for the Authority

 

Service

Amended Revenue Estimate

Total Provisional Actual

Variance Favourable  () Adverse

 

       £’000

          £’000

             £’000

Directorate of Learning and Development

 

 

 

Education and Schools

89,081

89,033

48

Libraries

2,657

2,633

24

Lifelong Learning

1,503

1,500

3

Catering

933

929

4

Social Services

 

 

 

Children and Young People

13,202

14,242

(1,040)

Adult Services

32,318

33,670

(1,352)

Service Strategy

297

292

5

Total Social Services

45,817

48,204

(2,387)

Directorate of Environmental and Economic Regeneration

 

 

 

Planning and Transportation

4,810

4,915

(105)

Economic Development and Leisure

6,096

6,193

(97)

Visible Services

20,535

20,331

204

Directorate of Legal and Regulatory

 

 

 

Legal, Democratic and Registrars

113

110

3

Public Protection

2,363

2,361

2

Private Sector Housing / Community Safety

2,721

2,712

9

Directorate of Finance, Information Communications Technology (ICT) and Property 

 

 

 

Finance, ICT and Property

(32)

(49)

17

Human Resources

4

1

3

General Policy (incl Council Tax Surplus)

24,542

21,651

2,891

Building Services

9

3

6

Chief Executive (including Corporate Partnership)

218

210

8

Youth Offending Service

666

664

2

Grand Total

202,036

201,401

635

 

The main reasons for the variances were detailed in paragraphs 10 - 51 which were contained within the report.

 

Cabinet were informed that the Statement of Accounts would be approved by Council by 30th September, 2012 and a separate report would be taken to Scrutiny Committee (Corporate Resources).  Cabinet were requested to approve any slippage under the Council's Urgency Decision Procedure.

 

This was a matter for Executive decision.

 

Following consideration of the report it was

 

RESOLVED -

 

(1)       T H A T the slippage figures shown at Appendix 5 to the report be endorsed and that the Urgency Decision Procedure set out in Article 13 (13.09) of the Council's Constitution be agreed for the approval of the slippage.

 

(2)       ……..…….

 

Reasons for decisions

 

(1)       To endorse the amendments for the 2012/13 Capital Programme due to slippage and that the Urgency Procedure be utilised as the next Council meeting would not be until September 2012.

 

(2)       …………...”

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