31 Revenue Budget Outturn 2017/18 PDF 108 KB
Report of the Head of Corporate Resources
Minutes:
The Cabinet considered the report of the Head of Corporate Resources detailing the revenue outturn position in relation to the 2017/18 financial year. The report also outlined key variations and where appropriate any impact on future years’ financial performance.
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Decision Made: |
Cabinet agreed to: -
(1) note the General Fund net surplus of £1.923m for 2017/18 that will be held in order to support any significant budget variations that may arise in the final two years of the Council’s current three year budget (up to 2019/20); and
(2) note the Schools Delegated Budget net surplus of £1.577m for 2017/18. |
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Reasons for the Decision:
The production of a revenue outturn report is a key feature of effective financial management and will allow Members to make informed decisions that will support service delivery and medium term financial sustainability.
Alternative Options Considered and Rejected:
None