Issue - meetings

Meeting: 25/06/2018 - Cabinet (Item 30)

30 Revenue Outturn 2017/18 pdf icon PDF 182 KB

Decision:

RESOLVED:          1)       The revenue outturn and proposed transfers to reserves for 2017/2018 be agreed.

2)       That the amendments to the Earmarked Reserves policy be agreed.

 

Reason for Decision

 

To approve the revenue outturn for 2017/2018 of the Council.

Minutes:

Cabinet considered a report which set out in summary the revenue outturn 2017/2018 for the General Fund (council tax accounts). The report showed details of the major differences between actual costs/income and the revised estimates for 2017/2018 reported in February 2018 monitoring.

 

The accounts showed actual Borough spend of £17,796,456, which was £4,114 less than the February Revised Estimate for 2017/2018. This additional saving would be held within the General Fund balance that was carried forward to 2018/2019. 

 

The Council’s continuing strategy was to identify budget savings in year, 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 Long congratulated all elements of the organisation who had worked to deliver the savings and addition money going into Reserves to deal with Government settlements in future years.

 

RESOLVED:          1)       The revenue outturn and proposed transfers to reserves for 2017/2018 be agreed.

2)       That the amendments to the Earmarked Reserves policy be agreed.

 

Reason for Decision

 

To approve the revenue outturn for 2017/2018 of the Council.