Agenda item

Revenue Budget Outturn 2017/18


The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director (previously circulated) presenting the revenue outturn 2017/18 (subject to Audit), to allow Members to consider the results in light of the Council’s Medium Term Financial Plan (MTFP) and also to consider the Collection Fund and Housing Revenue Account outturn.


The submitted report stated that the draft year-end position showed an improvement of £0.530 million from the opening balance projections reported in the 2018/19 to 2021/22 MTFP.


RESOLVED - (a)  That the revenue outturn for 2017/18, as detailed in the submitted report, be noted.


(b)  That the additional carry forward requests of £1.189M, referred to in paragraphs 14 to 18 of the submitted report, be approved and carried forward into 2018/19.


(c)  That the Earmarked Reserves, requested in paragraphs 25 and 26 of the submitted report, be approved.


REASON - In order to maintain appropriate management arrangements for the Council’s finances and make effective use of the Council’s resources.


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