Decision details

The Cabinet considered the report of the Head of Corporate Resources which provided details of the revenue outturn position on the 2015/16 General Fund including the Schools’ Delegated Budget.

Decision Made: That

(1)       the General Fund net surplus of £2.376m for 2015/16 be noted;

(2)       the Schools Delegated Budget net deficit of £0.073m for 2015/16 (plus the transfer of resources of £0.624m re schools transferring to academies) be noted;

(3)       approval be given to the use of resources from the in-year surplus as follows:

(a)       To continue the current modern apprenticeship scheme until 31 March 2017, at a cost of £0.100m pending the introduction of the national scheme from 2017/18; and

(b)       In accordance with previous events, the Council will support the preparation for the Open Golf Championship at Birkdale in 2017 and during 2016/17 will determine whether a financial contribution will be made as part of that support from the in-year surplus.

Reasons for Decision:

To ensure Cabinet are informed of the revenue outturn position for 2015/16.

Alternative Options Considered and Rejected:

None