Issue - meetings

To consider the Budget Final Outturn report for 2017/18.

RESOLVED to:

1.    Approve the 2017/18 outturn position set out in the report.

2.    Approve the reserve transfers and reserve balances set out in the report, in

paragraph 23 for the General Fund and paragraph 26 for the Housing

Revenue Account.

3.    Approve the Capital Programme slippage requests as detailed in paragraph

29.

Councillor Howell presented a report recommending approval of the budget outturn position, as well as reserve transfers and balances, and capital programme slippage requests. He thanked the finance team for their hard work in publishing the accounts in good time for the third consecutive year. He said the reference to paragraph 22 in recommendation ‘b’ of the report should read paragraph 23.

In summarising the report, Councillor Howell highlighted the increased investment income from the loan to Aspire (CRP) Ltd, which was an important contribution to the Council’s finances, as well as a key factor in the final underspend for 2017/18. He drew attention to the request that the underspend be allocated to the reserves to support the Local Plan submission process and the new Depot Site. He also noted the Capital Outturn for 2017/18 which showed the slippage for the year.

                        RESOLVED to:

a.    Approve the 2017/18 outturn position set out in the report.

b.    Approve the reserve transfers and reserve balances set out in the report.

c.    Approve the Capital Programme slippage requests as detailed in the report.