Issue - meetings

2016/2017 Revenue and Capital Budgets Outturn and Draft Statement of Accounts

 

 

Meeting: 06/06/2017 - Cabinet (Item 8)

8 Revenue and Capital Outturn and Draft Statement of Accounts 2016/17 pdf icon PDF 4 MB

Additional documents:

Minutes:

Background:

 

This report provided details of the final revenue and capital outturn position for the financial year ended 31 March 2017 including the draft Statement of Accounts, as set out in Appendix 1 to the report.

 

An updated version of the report was tabled at the meeting.

 

The updated report stated that following the quarter 3 forecast which had indicated a £1.8 million pressure, the final outturn for the year had resulted in an underspend of £217,000.

 

The updated report also stated that the draft Statement of Accounts would be reported to the Audit Committee on 29 June 2017, following which they would be subject to external audit before being considered by the Audit Committee for final consideration and approval on 28 September 2017.

 

Decision number:

Decision:

The Cabinet noted the revenue and capital outturn position for the financial year 2016/17.

 

The Cabinet noted the content of the draft Statement of Accounts, as set out in Appendix 1 to the report, to be presented to Audit Committee for approval on 29 June 2017.

 

Reasons:

 

The Cabinet is the body charged with the executive management of the Council’s budget. Therefore, it is important that the final outturn is reported to Cabinet.