Issue - meetings

Revenue Budget Outturn 2017/18

Meeting: 26/07/2018 - Cabinet (Item 31)

31 Revenue Budget Outturn 2017/18 pdf icon 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. 

 

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.

 

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