Issue - meetings

1.The provisional outturn position for each of the accounts shown within the Cabinet  

     report be noted; and

Resolved to Recommend:

2. approval of the reserve movements outlined in Section 10 of the Cabinet report

Decision

1.The provisional outturn position for each of the accounts shown within the Cabinet

      report be noted; and

Resolved to Recommend:

2. approval of the reserve movements outlined in Section 10 of the Cabinet report

Reason for Decision

To provide details of the provisional outturn position for the:

· General Fund

· Housing Revenue Account

· Capital Programme

To provide details of the proposed transfers to and from earmarked reserves.

Corporate Objectives

Delivering an efficient and modern council

Monitoring Officer/S.151 Officer Comments

Monitoring Officer  

 No further comments to add.

S.151 Officer

The S151 Officer has recommended reserve movements that will most appropriately assist the Council to deliver its stated objectives in the medium term.

The Finance Team will work closely with Service Managers throughout the budget-setting process for 2018/19 to ensure that income forecasts are not overly prudent, and that expenditure budgets, where appropriate, are set to reflect underspends in 2016/17.

Advice

Councillor Elliot introduced the report and noted that paragraph 1.1 incorrectly referred to paragraph 2.5 and stated £1.109m which should read £1.158m. He added that the report showed a good outturn and resulted in having a surplus. The increase in garage income was a result of hard work from a new member of staff and the improvements made.

Councillor Williams congratulated the Officer who worked on the garage income. He said there had been significant changes across the council and this surplus would ease the situation.

Councillor Marshall recognised that it helped to be pro-active and actively marketing garages to help increase the income received.

Councillor Griffiths extended the thanks to all staff across all services as everyone had helped to get to this position.

Voting

None.