Issue - meetings

To receive a report from the Director of Finance, Assets & Resources presenting the revenue and capital outturn figures for the financial year 2017/18.

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 2017/18.

The Group Manager for Financial Services outlined the contents of the report with particular reference to:

·         The overall underspend on the General Fund which was £159k aided to some degree by the receipt of additional funds in relation to the Garden Village and the benefits of ‘pooling’ Business rates.

·         There was a net surplus on the Housing Revenue Account of £255k

·         The net income for the year in relation to the Market Walk and Fore Street shops in Tiverton was £62k.

The Group Manager confirmed that detailed discussions took place with budget holders throughout the year with regard to individual budgets and the treatment of any under or over spends.