Issue - decisions
Revenue & Capital Outturn 2016/17
20/07/2017 - Revenue & Capital Outturn 2016/17
RESOLVED (unanimously) that the Cabinet agreed to:
2.1 The revenue budget outturn overspend of £2.221m for 2016/17 as set out in Appendix 2 is noted.
2.2 The revenue carry forward proposals and write-off requests listed in the tables in Appendix 4 are approved.
2.3 Transfers from Earmarked Reserves to fund the revenue overspend are agreed as set out in Appendix 1 paragraph 1.8.
2.4 The revenue virements for 2016/17 reported for information in Appendix 6(i) are noted.
2.5 The resulting reserves position shown in Appendix 1 paragraph 1.10 is noted and that unearmarked reserves remain at the target level of £13.5m (excluding Invest to Save drawdowns).
2.6 The provisional outturn of the 2016/17 capital programme in Appendix 7, and the funding as laid out in the table in Appendix 1 Paragraph 1.20, is noted.
2.7 The capital rephasing and write-off of net underspends as listed in Appendix 8 are approved. This reflects the outturn spend position on projects against final budgets as detailed in Appendix 9.
2.8 The adjustments to the 2016/17 to 2021/22 capital programme as recorded in Appendix 10, and the final capital programme for 2016/17 in Appendix 9 are noted.