Decision details
Revenue Expenditure Outturn 2016/17
PDF 109 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To note outturn expenditure and make
recommendations to the Governance and Audit Committee on
Reserves.
Decision:
That the Executive:
i) Noted the outturn expenditure for 2016/17, subject to audit, of £66.763m, which represents an under spend of -£3.515m compared with the approved budget.
ii) Noted the budget carry forwards of £0.221m (see paragraph 5.9 and Annexe C of the Borough Treasurer’s report).
iii) Recommends that Council note the Treasury Management performance in 2016/17 as set out in Annexe B of the Borough Treasurer’s report.
iv) Approvedthe earmarked reserves as set out in Annexe D of the Borough Treasurer’s report.
v) Approved the virements relating to the 2016/17 budget between £0.050m and £0.100m and recommend those that are over £0.100m for approval by Council (see Annexe E of the Borough Treasurer’s report).
Reasons for the decision:
The recommendations are intended to inform the Executive of financial performance against budget in the 2016/17 financial year.
Interests and Nature of Interests Declared:
None.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: None at this time.
Declarations: None.
Subject to Urgent Proceedings: No.
Making Representations: In writing to the Borough Treasurer.
Other reasons / organisations consulted
None
Consultees
Not applicable.
Contact: Arthur Parker, Chief Accountant Email: arthur.parker@bracknell-forest.gov.uk Tel: 01344 352158.
Publication date: 18/07/2017
Date of decision: 18/07/2017
Effective from: 26/07/2017