Issue - meetings

Background:

This report provided details of the final revenue and capital outturn position for the financial year ended 31 March 2018. The report stated that the final revenue outturn reflected an underspend of £58,000. The report also provided details of the variance between the 2017/18 revenue budget and outurn position for Children and Adults, Regeneration, Culture, Environment and Transformation and Business Support.

The capital programme year end position reflected a carry forward budget of £58,010,000 which would be available for use within 2018/19 and beyond.

It was noted that the final audited Statement of Accounts would be presented to the Audit Committee on 30 July 2018 for consideration and approval.

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.