Decision details

Councillor Russell Holland, the Cabinet Member for Finance, Education and Skills, and the Director of Finance submitted a joint report providing Cabinet with the provisional revenue position for 2018/19, subject to audit by Grant Thornton, the Council’s external auditors.

Councillor Holland introduced the report and thanked officers for their work in delivering the 2018/19 budget, which was assisted greatly by a one-off VAT re-payment. He advised Cabinet that the pressure remained to ensure spending remained within agreed limits for 2019/20 while Cabinet Members and officers prepared plans for 2020/21.

Resolved:-

1)   That the 2018/19 revenue out-turn for each service area set out in Table 1 and Appendix 1 be noted;

2)   That the underspend on the General Fund of £587k has resulted in an increase in the General Reserve to £6.6m be noted and that the Chief Executive be asked to thank all staff for helping achieve this;

3)     That the flexible use of capital receipts in 2018/19, as set out in Appendix 2 be noted.

The reasons for the decision and alternative options are as set out in the report to the meeting.