Decision details

The Cabinet considered the report of the Chief Financial Officer which provided details of the revenue outturn position on the 2014/15 General Fund including the Schools’ Delegated Budget.

Decision Made: That:

(1)       the General Fund net surplus of £1.458 m for 2014/15 be noted

(2)       the Schools Delegated Budget net deficit of £0.346m for 2014/15 be noted;

(3)       approval be given to the carry forward of unspent resources in the Emergency Limited Assistance Scheme monies (£0.379m) into the 2015/16 financial year;

(4)       approval be given to the surplus in 2014/15 being utilised to:

(i)            assist in developing community support, extending the period of the modern apprenticeship scheme and providing additional recreational facilities at King’s Gardens as set out in paragraph 4.5 of this report; and

(ii)          provide a training course for aspiring instructors at the Crosby Lakeside Activity Centre at a cost of £30k.

Reasons for Decision:

To ensure Cabinet are informed of the revenue outturn position for 2014/15 and to seek approval to utilise available resources as set out in the report.

Alternative Options Considered and Rejected:

None.