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

a.             The final outturn position for 2009/10.

b.             The creation of new reserves in the 2009/10 accounts.

That Cabinet approved:

(a)        The final outturn for 2009/10;

(b)        The movements to new reserves outlined in the report;

·                     Insurance Reserve

·                     Pool Car Reserve

·                     Local Development Framework

·                     Area Based Grant

(c)        The allocation of £1.5m from the capital programme for the maintenance & refurbishment of Hereford leisure pool; and

(d)        The allocation of £0.25m for disabled facilities grants.

2                    Whilst work continues on the range of tasks necessary to prepare the council’s statutory Statement of Accounts for 2009/10, it is sufficiently advanced for Cabinet to consider the final outturn for the revenue account.

3                    On 29 June 2010 the full Statement of Accounts for 2009/10 will be presented to the Audit and Governance Committee for formal approval.  This will ensure that the council meets the statutory deadline for the approval of accounts in advance of the external audit. 

There are no alternative options.