Issue - meetings

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the capital expenditure and associated capital funding for both the General Fund and Housing Account for 2018/19.

(1)     The overall capital outturn position and financing for 2018/19 was noted.

(2)     The roll forward budgets were approved.

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the capital expenditure and associated capital funding for both the General Fund and Housing Account for 2018/19.

(1)       The Decision Taken

RESOLVED:

(1)     That the overall capital outturn position and financing for 2018/19 be noted.

(2)     That the roll forward budgets as detailed in the report be approved.

(2)        Reasons for the Decision

The Council was required to approve the capital budget outturn for 2018/19.

It was noted that the capital outturn position was summarised in Table 1 of the report and a detailed breakdown by capital scheme and service teams could be found in Appendix A to the report.

The majority of the variance related to the re-phasing of specific projects into 2019/20, which were shown in Appendix A. The overall capital programme, excluding re-phasing of schemes, was £440,000 underspent.

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the revenue outturn for the financial year 2018/19 and summarising main variances from the original budget for both the General Fund and Housing Revenue Account.

(1)     The outturn for the General Fund and the Housing Revenue Account as at 31 March 2019 was noted.

(2)     Movements on earmarked reserves were approved.

(3)     The position on debts was noted.

Report of the Corporate Director (Resources, Environment and Cultural Services) presenting the revenue outturn for the financial year 2018/19 and summarising main variances from the original budget for both the General Fund and Housing Revenue Account.

(1)        The Decision Taken

RESOLVED:

(1)     That the outturn for the General Fund and the Housing Revenue Account as at 31 March 2019 be noted.

(2)     That movements on earmarked reserves as detailed in the report be approved.

(3)     That the position on debts as set out in the report be noted.

(2)        Reasons for the Decision

The Council was required to approve the revenue budget outturn for the financial year 2018/19.

It was noted that there was a favourable variance on the General Fund net cost of services of £2.219M.  Of this, around £1.060M related to one off underspends, such as additional grant income and £1.125M to efficiencies already factored into the 2019/20 baseline budget. After movements to earmarked reserves, the General Fund outturn position was a £0.100M drawdown from the General Fund working balance.

The closing balance on the Housing Revenue Account for 2018/19 was £2.60M, a drawdown of £3.98M from the opening balance of £6.58M.