Issue - meetings

To consider the report of the Cabinet Member for Finance. The purpose of this report
is to summarise the overall General Fund and Housing Revenue Account revenue
outturn for 2017/18. It compares actual spending against the working budget noted at Council in February 2018 adjusted for approved changes made since that date. The report also considers any requests for carry forwards and the allocation of funds for corporate purposes or other additional expenditure.

The report of the Cabinet Member for Finance was submitted summarising the overall General Fund and Housing Revenue Account revenue outturn for 2017/18. 

RESOLVED to:

(i)  Note the final General Fund outturn for 2017/18 detailed in paragraph 6 is a balanced position following the transfer to earmarked reserves and the revenue grants reserve;

(ii)  note that the level of General Fund balances at 31 March 2018 was £11.3M;

(iii)  note the performance of individual Portfolios in managing their budgets as set out in paragraph 6 and 7 of this report and notes the significant variances in Appendix 1;

(iv)  note the accounts for the Collection Fund in 2017/18 as detailed in paragraphs 27 to 33 and in Appendix 3;

(v)  note the HRA revenue outturn for the financial year 2017/18, as set out in Appendices 4 and 5;

(vi)  note the performance of the Property Investment Fund (PIF) as detailed in paragraphs 20 to 23 and appendix 6.