Decision details

(Joint report of Chief Executive, Director of Finance and Transformation, Leader of the Council and Cabinet Member for Finance, Innovation and Property)

In accordance with the Council’s Financial Procedure Rules, a report and accompanying information was presented showing actual Revenue and Capital Outturn for the year ended 31 March 2014 together with recommendations regarding proposed adjustments to the Accounts in the light of the outturn position.  It was noted that compared with the revised estimates, the overall outturn showed a favourable variance of £225,670 the principal reasons for which were explained.

The report also contained an annual Treasury Management and Investment Strategy review for 2013/14 as required by the adopted CIPFA Code of Practice.

The Cabinet resolved that:

1)  the Revenue and Capital Outturn for the year 2013/14 be received and approved;

2)  the recommendations following a review of specific earmarked reserves, as set out at paragraph 1.2.2 of the report, be endorsed; and

3)  the Treasury Management and Investment Strategy Review 2013/14, as set out at Annex 3 to the report, be received and approved.