DECISION

1.    To note the Council’s provisional revenue outturn position as at 31 March 2017 as detailed in Sections 3 to 5 of the report.

2.    To note the Council’s provisional capital outturn position as at 31 March 2017 as detailed in Section 6 of the report.

3.    To note the position in achieving approved savings in 2016-17.

4.    To note the key Balance Sheet indicators.

5.    To note that the position set out in this report is subject to the preparation of the Council’s statutory financial accounts and external audit processes.

Action by:

CORPORATE DIRECTOR, RESOURCES (Z. COOKE)

(Chief Accountant (K. Miles)

The Mayor introduced the report in conjunction with Councillor David Edgar, Cabinet Member for Resources.

The Mayor noted the financial results set out including the slight underspend for the last financial year and then the larger underspend on the Housing Revenue Account due to certain anticipated government actions not taking place. It was noted that most, but not all, proposed Council savings had been achieved. There were also good collection rates on council tax and business rates. The Mayor agreed the recommendations as set out.

RESOLVED

1.    To note the Council’s provisional revenue outturn position as at 31 March 2017 as detailed in Sections 3 to 5 of the report.

2.    To note the Council’s provisional capital outturn position as at 31 March 2017 as detailed in Section 6 of the report.

3.    To note the position in achieving approved savings in 2016-17.

4.    To note the key Balance Sheet indicators.

5.    To note that the position set out in this report is subject to the preparation of the Council’s statutory financial accounts and external audit processes.