Decision details

This report presents the provisional revenue and capital outturn for 2015/16, with some recommended technical adjustments.

RESOLVED (unanimously) that the Cabinet agreed that:

1.  The revenue budget outturn underspend of £270,000 for 2015/16 is noted.

2.  The revenue carry forward proposals and write-off requests are approved.

3.  Transfers to Earmarked Reserves are agreed.

4.  The revenue virements for 2015/16 are approved.

5.  The resulting reserves position is noted and that unearmarked reserves remain at the target level of £10.5m (excluding Invest to Save drawdowns).

6.  The provisional outturn of the 2015/16 capital programme, and the funding as laid out in the report is noted.

7.  The capital rephasing and write-off of net underspends are approved.

8.  The adjustments to the 2015/16 to 2020/21 capital programme, and the final capital programme for 2015/16 are noted.

The recommendations made are based upon the Budget Management Scheme and a consideration of the Council’s latest financial position and reserves strategy.

All options that can be considered in making a decision on carry forwards and write offs relating to the revenue outturn position are listed in Appendix 4 of the report.