Decision details

The Principal Accountant presented a report which set out in summary the revenue outturn of 2014/2015 for the General Fund (council tax accounts). The report showed details of the major differences between actual costs/income and the revised estimates for 2014/2015 reported in February 2015 monitoring.

The accounts showed actual Borough spend of £18,781,895 which was, after the transfer to reserves, £80,445 less than the February Revised Estimate for 2014/2015. This additional saving would be held within the General Fund balance that was carried forward to 2015/2016. 

It was explained that the Councils continuing strategy was to identify budget savings, as part of the monitoring process and at year end. These savings were then transferred to the General Fund Balance for use in future years.

Councillor Daubney commended the Outturn position as reported.

Councillor Beales sought clarification on points in the report, particularly why the Special Expenses figure had changed in monitoring instead of being set for the year.  The Assistant Director explained that the change had been presentational as it was showing in the Service Line and had been moved to comply with the recommendations of the auditors.  It was noted that not all of the Special Expenses were recovered during the course of the year.  The Principal Accountant also explained that the transfer to reserves was shown in such a way to comply with the requirements of the auditors.

Councillor Pope asked whether the £28,000 allocated to the Willows Park was additional as the amount would not have been sufficient for the work carried out there.  The detail on this was to be confirmed. 

Councillor Daubney confirmed that the item had been debated at the Audit Committee, and accepted.  

RESOLVED:That the revenue outturn and proposed transfers to reserves for 2014/2015 be approved.