Issue - meetings

(Report of Director of Finance and Transformation)

The report provided information on the Council’s key budget areas of salaries, major income streams and investment income for the year ended 31 March 2016.  It also gave details of the variations agreed in relation to the revenue budget, summarised to provide an overall budget outturn position for 2015/16 which showed a net favourable variance of £294,629.

Details were provided of variations identified through budgetary control in respect of 2016/17 which showed a net favourable variance of £182,800 which would contribute towards the year’s savings target.  An update was also given on capital expenditure and variations agreed in relation to the capital plan.

Following consideration by the Finance, Innovation and Property Advisory Board, the Cabinet Member for Finance, Innovation and Property resolved that:

The contents of the report be noted and endorsed.

The report of the Director of Finance and Transformation provided information on the Council’s key budget areas of salaries, major income streams and investment income for the year ended 31 March 2016.  It also gave details of the variations agreed in relation to the revenue budget, summarised to provide an overall budget outturn position for 2015/16 which showed a net favourable variance of £294,629.

Details were provided of variations identified through budgetary control in respect of 2016/17 which showed a net favourable variance of £182,800 which would contribute towards the year’s savings target.  An update was also given on capital expenditure and variations agreed in relation to the capital plan.

RECOMMENDED:  That the contents of the report be noted and endorsed.