Issue - meetings

2016/17 Finance report

Meeting: 27/07/2017 - Cabinet (Item 444)

444 2016/17 Provisional Outturn and Annual Treasury Management Review Report pdf icon PDF 589 KB

Additional documents:

Minutes:

Members noted that the General Fund net revenue expenditure was in line with budget, and there was a small increase in reserves over the year. This was encouraging, after years of having to draw down reserves to fund past mistakes.

 

The General Fund capital programme was £4.2 million underspent as capital projects were not progressed as quickly as planned. Many of these projects have external funding attached to them, which remains in place, despite the delays.

 

The Housing Revenue Account surplus of £1.4 million was largely due to reduced revenue funding of the capital programme. The HRA capital programme was underspent in the areas of Housing Intervention and New Builds.

 

Councillors I. Gregory and Councillor Bayford spoke under Council Procedure Rule 20.1.

 

Councillor Townend proposed, Councillor Stummer-Schmertzing seconded and Members agreed the following that:

 

1.  The provisional outturn information for 2016/17 contained within this report is noted;

 

2.  The capital programme carry forwards requested in Table 6 and 8 are approved;

 

3.  The earmarked reserves as outlined in Paragraphs 1.5 and 2.7 be noted;

 

4.  The Annual Treasury Management activity and information for 2016/17 is noted.