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PROVISIONAL OUTTURN 2017/2018

 

 

20/06/2018 - PROVISIONAL OUTTURN 2017/2018

The Executive agreed the recommendations as outlined above namely:

 

  1. To approve the provisional revenue outturn for 2017/2018 and in so doing to note that the figures are subject to external audit and final accounting adjustments (ref. paragraph 2.1).

 

  1. To approve the recommendations regarding the treatment of specific service under / overspends as outlined (ref. paragraph 3.2).

 

  1. To approve the provisional capital outturn for 2017/2018 and methods of scheme funding as outlined (ref. paragraphs 4.2 and 4.5).

 

  1. To note the Prudential Indicators (ref. paragraph 4.3).

 

  1. To note the levels of the earmarked reserves including those for the Housing Revenue Account and maintained schools (ref. paragraphs 6.1, 6.3 and 6.4).

 

6.      To approve the recommendation that £1.4m is taken from the Treasury Management Prudential Borrowing Reserve and £0.6m from the Collection Fund Deficit Reserve (Council Tax and NNDR) and added to General Fund Working Balances, increasing them to £6,034,000 for the start of the 2018/19 financial year (ref. paragraph 7.2).