Council General Fund Revenue Outturn & Rollover 2014-15
A report noting the Revenue Outturn position for 2014-15
Contact: Eamonn Croston: 01484 221000
Decision:
(1) That the Revenue Outturn Position for 2014-2015, as detailed in Appendices 1 and 2 of the report, be noted.
(2) That the Revenue Rollover Proposals, as set out in the Revenue Rollover Report and Appendix 3, be approved
(3) That the use of other Corporate Reserves be noted.
(4) That recommendations (1) to (3) be referred to Council on 29 July 2015 for approval.
Minutes:
Cabinet received a report which was the final in an agreed quarterly cycle of consolidated Revenue Budget Monitoring statements during the financial year. The report presented the revenue outturn figures for 2014-2015, and made recommendations on the levels of rollover to be permitted in 2014-2015, and the use of reserves and balances including the proposed re-designation of existing rollover reserves built up from previous year approvals.
Cabinet noted that the Council's net revenue budget for 2014-2015 was £324.1m and that this approved budget reflected a planned net saving requirement of £14m in 2014-2015. The report advised that there was an net early achievement of savings of £4.5m, equivalent to 1.4%.
Appendix 3 to the report summarised rollover proposals which related to one off developments that would help the Council achieve forward budget plans. Cabinet noted that the rollover proposals recommended a balanced and prudent approach that took risks and challenges into account.
RESOLVED -
(1) That the Revenue Outturn Position for 2014-2015, as detailed in Appendices 1 and 2 of the report, be noted.
(2) That the Revenue Rollover Proposals, as set out in the Revenue Rollover Report and Appendix 3, be approved
(3) That the use of other Corporate Reserves be noted.
(4) That recommendations (1) to (3) be referred to Council on 29 July 2015 for approval.