24 Revenue and Capital Outturn 2016/17 PDF 187 KB
To receive a report from the Director of Finance, Assets & Resources presenting the revenue and capital outturn figures for the financial year 2016/17.
Minutes:
The Group had before it, and NOTED, a report from the Director of Finance, Assets & Resources presenting the revenue and capital outturn figures for the financial year 2016/17.
The closing cash position on both the General Fund and the Housing Revenue Account was explained. Reference was also made to the Market Walk and Fore Street Shops, Tiverton. The return on investment had dropped slightly compared to 2015/16 (4.5%) due to an increase in vacant units during 2016/17. The net income for the year was showing as £172k.
A brief discussion took place regarding the capital programme and the need to strike a balance between putting projects forward and having a realistic time frame.
Note: * Report previously circulated; copy attached to the signed minutes.