Decision details

RESOLVED:

That District Executive agreed to:-

a.

note the outturn position of £17,391,660 (an under spend of £390,670) and explanation of variances from budget holders for the 2016/17 financial year as shown in paragraphs 4-6;

b.

approve the carry forwards listed and recommended for approval by Senior Leadership Team in Appendix B into the 2017/18 budgets;

c.

approve individual service overspends are funded from general balances and the net underspend of £144,310 is transferred to the Transformation Reserve;

d.

note the use of the specific reserves in paragraph 19;

e.

note the transfers to and from balances outlined in the General Fund table paragraph 20;

f.

note the position of the Area Committee balances in paragraph 23;

g.

approve the virement in paragraph 28 and note the virements in Appendix G;

Reason:

To agree the outturn of the revenue budgets of the Council for 2016/17