Issue - meetings
Provisional Outturn
Meeting: 26/07/2016 - Cabinet (Item 5)
5 The Council’s Provisional Financial Outturn 2015/16 
PDF 171 KB
Additional documents:
- 5.15a Appendix 1 - Control Budget as at 2016-05-10, item 5
PDF 93 KB
- 5.15b Appendix 2 - Summary MTFP, item 5
PDF 8 KB
- 5.15c Appendix 3 - P12 Workings Summary - Service Area with Year End Summary 060616 - for MAB, item 5
PDF 79 KB
- 5.15d Appendix 4 - HRA - Month 12 monitoring 27-05-16, item 5
PDF 27 KB
- 5.15e Appendix 5 Capital Q4, item 5
PDF 40 KB
- 5.15f Appendix 6 - General Reserves 1516, item 5
PDF 79 KB
- Webcast for The Council’s Provisional Financial Outturn 2015/16
Decision:
DECISION
1. To note the Council’s revenue and capital financial outturn position as detailed in Sections 3 to 7 and Appendices 1-6 of the report.
2. To endorse the proposed transfers to and from reserves as reflected in Appendix 5 to the report.
Action by:
CORPORATE DIRECTOR, RESOURCES (Z. COOKE)
(Chief Accountant (K. Miles)
Minutes:
Councillor David Edgar, Cabinet Member for Resources, introduced the report. He welcomed the increased level of detail that was now being included in the report. Examining the report he noted that
· The expected use of £8 Million of reserve had not been required.
· There had been slippages in the Capital Budget, and the reasons were set out in the report.
· There was an underspend in the Housing Revenue Account.
The Mayor noted the challenging financial environment the Council was facing over the next few years and he agreed the recommendations as set out in the report.
RESOLVED
1. To note the Council’s revenue and capital financial outturn position as detailed in Sections 3 to 7 and Appendices 1-6 of the report.
2. To endorse the proposed transfers to and from reserves as reflected in Appendix 5 to the report.