Decision details

1          That the outturn expenditure for 2015/16 be noted, subject to audit, of £76.477m, which represents an under spend of -£2.702m compared with the approved budget.

2          That the budget carry forwards of £0.315m as set out in paragraph 5.9 and Annexe C of the report be noted.

3          That the earmarked reserves as set out in Annexe D of the report be approved.

4          That the virements relating to the 2015/16 budget between £0.050m and £0.100m set out in Annex E of the report be approved.

Recommended that:

1          Council note the Treasury Management performance in 2015/16 as set out in Annexe B of the report.

2          Council approve the virements relating to the 2015/16 budget over £0.100m set out in Annex E of the report.

The recommendations are intended to inform the Executive of financial performance against budget in the 2015/16 financial year.

The report set out the Council’s actual financial performance in 2015/16 and the consideration of options is not therefore appropriate.

None.