Issue - meetings

To consider the report of the Director of Resources presenting the Council’s financial outturn position for 2010/2011 in terms of revenue and capital, whilst also including the Housing Revenue Account.

The Director of Resources submitted a report setting out the Council’s financial outturn position for 2010/11, including both revenue and capital elements, in addition to the Housing Revenue Account. In addition, the report covered revenue expenditure and income compared to the budget, reported on the outturn for Education Leeds and the ALMOs, highlighted the position regarding other key financial health indicators and invited the Board to consider the approval, creation and usage of the Council’s reserves.

The Board thanked all of those officers who had been involved in managing the financial performance of the Council throughout the 2010/11 financial year and into 2011/12.

In response to Members’ enquiries regarding the issue of car parking charges, the Board noted that a further report regarding car parking policy was scheduled to be submitted to the September Board meeting.

RESOLVED - 

(a)  That the contents of the submitted report be noted.

(b)  That the creation of an earmarked reserve for an early leavers scheme in 2011/12 be approved.

(c)  That the earmarked reserves, as detailed within Appendix 2 of the submitted report, be approved.

(d)  That the immediate release of £12,400,000 earmarked reserves as detailed in paragraph 6.9 of the submitted report be approved.