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.