The Board considered the report of the Director of Resources setting out the Council’s financial outturn position for 2012/13 for both revenue and capital and including the Housing Revenue Account. In addition, the report addressed major variations on the revenue account and reported on the final position in respect of Schools and the ALMOs. Finally, the report highlighted the position regarding other key financial health indicators including Council Tax and NNDR collection statistics, Sundry income and prompt payments.
RESOLVED – That the Executive Board note the outturn position and approve the creation and delegated release of earmarked reserves as detailed in paragraph 2.5 of the submitted report