The purpose of this report is for Cabinet to consider and approve:

·         the final outturn position for 2006/07;

·         Corporate Management Board’s proposals for carry forward of unspent budget into 2007/08;

·         the creation of new reserves and provisions in the 2006/07 Accounts

That the Cabinet approves:

(a)            the final outturn for 2006/07;

(b)CMB’s recommendations for carry forward of unspent budget into 2007/8;

(c)                the movements to reserves outlined in the report

Whilst work continues on the range of tasks necessary to prepare the Council’s statutory Statement of Accounts for 2006/07, it is sufficiently advanced for Cabinet to consider the final outturn for the revenue account.

On 29th June 2007 the full Statement of Accounts for 2006/07 will be presented to the Audit and Corporate Governance Committee for formal approval.  This will ensure the Council meets the statutory deadline for the approval of the accounts.

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