Meeting documents

Cabinet considered a report on the provisional outturn for 2018/19 which included the General Fund, Repairs and Renewal Fund and the Capital Programme, together with the potential Efficiency Plan Savings.

The report before Cabinet set out an analysis of the key issues from the 2018/19 financial outturn, with detailed breakdowns of spend and movements which were set out in the appendices of the report. 

Cabinet expressed their thanks to the Cabinet Member for Finance, and the Head of Finance and his team, for all their hard work on the outturn report.

The following recommendation and decisions were made as the Cabinet approved a budget each year within the context of a Medium Term Financial Plan (MTFP) to achieve the Council’s priorities.

Recommended: That the new legal services expenditure budget of £675,000, and the new legal services recovery income budget of £675,000 be agreed. Net change in budget requirement was Zero, (full details were included in Appendix D of the Cabinet report).

RESOLVED: That (i) the provisional outturn position for both Revenue and Capital for 2018/19 be noted;

(ii)    the movement in Reserves and Carry Forwards as set out in paragraph 2.4.2.3 and 2.4.2.4 respectively of the report be approved;

(iii)   the net surplus of £2k transferred to General Reserves as set out in paragraph 2.5 of the report be approved;

(iv)   the carry forwards and advance funding on the Capital programme outlined in paragraph 3.2 and set out in Appendices C1 and C2 of the report be approved; and

(v)    the virement for Capital schemes detailed in paragraph 3.2.6 of the report be approved.