Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Cabinet had before it a * report of the Director of Finance, Assets and Resources presenting the revenue and capital outturn figures for the 2016/17 financial year.
The Cabinet Member for Finance outlined the contents of the report stating that an underspend of £30K was a very encouraging outcome as was the £380K surplus in the Housing Revenue Account. He highlighted the exceptional collection rates for Council Tax and Housing Benefit and the investments within the town centre which had added to income.
Consideration was given to the General Fund Revenue Account summary and the variances on proposed budgets.
RESOLVED that:
(i) The General Fund outturn achieved in 2016/17 which shows an overall underspend of £30k be NOTED.
(ii) The net transfers to earmarked reserves of £1,664k detailed in the
General Fund service budget variance reports shown in Appendix 1 & 2 and summarised in Appendix 4 be APPROVED.
(iii) The positive position achieved on the Housing Revenue Account which showed an annual saving of £380k be NOTED and the “earmarking” of the extra £380k shown in paragraph 3.3 be APPROVED, as well as specific items totalling £2,446k and the utilisation of items totalling £109k identified in Appendix 4.
(iv) the carry forward of £9,184k from the 2016/17 capital programme (see
paragraph 5.2) be APPROVED as all of the schemes will be delivered in 2016/17 or later years.
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr C R Slade)
Note: - *Report previously circulated, copy attached to minutes.
Publication date: 19/06/2017
Date of decision: 15/06/2017
Decided at meeting: 15/06/2017 - Cabinet
Effective from: 24/06/2017
Accompanying Documents: