Decision details

Cabinet considered the report and RESOLVED (unanimous) to:

1.    Note the final outturn position for 2017/18 (subject to finalisation of the statutory statement of accounts) of a £6.9m underspend on the Council’s revenue budget.

2.    Note the reserves position outlined in section 6, which includes a contributions to the capacity building reserve of £6.9m, as a result of departmental underspends as highlighted in the revenue outturn.

3.    Note the outturn spending of £80.164m in the Council’s capital programme in 2017/18 outlined in section 7 of the report.

4.    Note the performance against the prudential indicators outlined in Appendix B to the report.

5.    Note the performance on payment of creditors, collection performance for debtors, local taxation and benefit overpayments outlined in Appendix C to the report.

The monitoring report formed part of the 2017/18 closure of accounts and decision making framework culminating in the production of the Statement of Accounts and informed Cabinet of the final position. 

There were no alternative options considered.