Issue - meetings

To consider the attached report of the Chief Executive agreed by Executive Cabinet on 22 June 2017 and requiring Council approval. 

Councillor Peter Wilson, Executive Member for Resources presented a report of the Chief Executive on the provisional revenue and capital outturn figures for 2016/17 which had been agreed at the Executive Cabinet meeting on 22 June 2017 and required Council approval to a number of recommendations.

The Leader of the Council commented on the sound financial management of the Council and referred to the overall underspend of £320,000 with a number of areas achieving better than expected income targets.

Councillor Peter Wilson, Executive Member for Resources proposed, Councillor Alistair Bradley, Executive Leader, seconded and it was RESOLVED - 

1.         That approval be given to the slippage requests and other transfers to reserves outlined in Appendix 2 of the report to finance expenditure on specific items or projects in 2017/18.

2.         That approval be given to the contribution of £49,000 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies. This will supplement the £200k budget set aside in 2017/18 to increase the reserve.

3.         That approval be given to the contribution of £49,000 from in-year revenue underspends to the Buildings Maintenance Reserve to finance one-off costs relating to office utilisation and transformational change.

4.         That approval be given to the financing of the 2016/17 capital programme to maximise the use of funding resources available to the Council.

Report of the Chief Executive. 

1.         Approval granted to note the full year outturn position for the 2016/17 revenue budget and capital investment programme.

2.         To request Council approval for slippage requests and other transfers to reserves outlined in Appendix 2 of the report to finance expenditure on specific items or projects in 2017/18.

3.         To request Council approval for the contribution of £49,000 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies. This will supplement the £200k budget set aside in 2017/18 to increase the reserve.

4.         To request Council approval for the contribution of £49,000 from in-year revenue underspends to the Buildings Maintenance Reserve to finance one-off costs relating to office utilisation and transformational change.

5.         Approval granted to note the 2016/17 outturn position on the Council's reserves.

6.         Approval granted to note the impact of the final capital expenditure outturn and the re-phasing of capital budgets to 2017/18 and approval to the additions to the 2016/17 capital budget outlined in paragraph 77.

7.         To request Council approval of the financing of the 2016/17 capital programme to maximise the use of funding resources available to the Council.

The Executive Member for Resources presented the report of the Chief Executive.  The report presented the provisional outturn figures for the 2016/17 capital programme and update the capital programme for financial years 2017/18 to 2019/20 to take account of the re-phasing of expenditure from 2016/17 and other proposed budget changes. 

The accounts were provisional at this stage and subject to final checking and scrutiny by the Council’s external auditor.  Should there be any significant changes to the outturn as a result of this process a further report would be submitted.

Decision

1.         Approval granted to note the full year outturn position for the 2016/17 revenue budget and capital investment programme.

2.         To request Council approval for slippage requests and other transfers to reserves outlined in Appendix 2 of the report to finance expenditure on specific items or projects in 2017/18.

3.         To request Council approval for the contribution of £49,000 from in-year revenue underspends to the Change Management Reserve to finance one-off redundancy and pension strain costs arising from transformation and shared service strategies. This will supplement the £200k budget set aside in 2017/18 to increase the reserve.

4.         To request Council approval for the contribution of £49,000 from in-year revenue underspends to the Buildings Maintenance Reserve to finance one-off costs relating to office utilisation and transformational change.

5.         Approval granted to note the 2016/17 outturn position on the Council's reserves.

6.         Approval granted to note the impact of the final capital expenditure outturn and the re-phasing of capital budgets to 2017/18 and approval to the additions to the 2016/17 capital budget outlined in paragraph 77.

7.         To request Council approval of the financing of the 2016/17 capital programme to maximise the use of funding resources available to the Council.

Reasons for recommendation(s)

To ensure the Council’s budgetary targets are achieved.

Alternative Options Considered and Rejected

None.