Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To note outturn expenditure and make recommendations to the Governance and Audit Committee on Reserves.
i) the outturn expenditure for 2017/18, subject to audit, of £87.823m, which represents an under spend of -£0.544m compared with the approved budget is noted.
ii) the budget carry forwards of £0.084m is noted (see paragraph 5.7 and Annexe C of the Borough Treasurer’s report).
i) Council note the Treasury Management performance in 2017/18
as set out in Annexe B of the Borough Treasurer’s report.
ii) the earmarked reserves as set out in Annexe D of the Borough Treasurer’s report is approved.
iii) the virements relating to the 2017/18 budget between £0.050m and
£0.100m are approved and recommend those that are over £0.100m are approved by Council (see Annexe E of the Borough Treasurer’s report.).
The recommendations are intended to inform the Executive of financial performance against budget in the 2017/18 financial year.
The report sets out the Council’s actual financial performance in 2017/18 and the consideration of options is not therefore appropriate.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: The outturn position impacts on reserves.
Subject to Urgent Proceedings: No
Making Representations: In writing to the Borough Treasurer.
Other reasons / organisations consulted
Contact: Arthur Parker, Chief Accountant Email: email@example.com Tel: 01344 352158.
Report author: Arthur Parker
Publication date: 17/07/2018
Date of decision: 17/07/2018
Decided at meeting: 17/07/2018 - Executive
Effective from: 25/07/2018