Decision details

The report of the Director of Resources on the Provisional Revenue Outturn for 2015/2016 compared with the approved budget and the capital expenditure in the year ended 31March 2016 with sources of funding.

The Executive agreed the recommendations as outlined above namely:

1. To approve the Provisional Revenue Outturn for 2015/2016 and in so doing to note that the figures are subject to external audit and final accounting adjustments (reference paragraph 2.1 of Appendix 5a, to the Executive report).

2. To approve the recommendations regarding the treatment of specific service under or overspends as outlined (reference paragraph 3.2 of Appendix 5a, to the Executive report ).

3. To approve the provisional capital outturn for 2015/2016 and methods of scheme funding as outlined (reference paragraphs 4.2 and 4.5 of Appendix 5a, to the Executive report).

4. To note the Prudential Indicator (reference paragraph 4.3 of Appendix 5a, to the Executive report).

5. To note the levels of the earmarked reserves including those for the Housing Revenue Account and maintained schools (reference paragraph 6.1, 6.3 and 6.4 of Appendix 5a, to the Executive report ).