Issue - meetings
Revenue Budget Monitoring 2015/16 (Outturn)
Meeting: 19/07/2016 - Cabinet (Item 45)
45 Revenue Budget Monitoring 2015/16 (Outturn) PDF 107 KB
Additional documents:
Decision:
As detailed in the recommendations.
Minutes:
The Corporate Finance Manager introduced the Revenue Budget Monitoring 2015/16 (Outturn) report for the Council Fund and Housing Revenue Account (subject to audit).
The final year end position was:
Council Fund
- Net in year expenditure was £1.489M lower than budget
- A contingency reserve balance at 31st March 2016 of £4.375M
Housing Revenue Account
- Net in year expenditure was £0.059M higher than budget
- A closing balance as at 31st March 2016 of £1.178M
The report covered significant budget movements between month 12 to outturn; brief overview of the year on the Council Fund; programme of efficiencies; inflation; reserves and balances and a brief overview of the year on the Housing Revenue Account.
RESOLVED:
(a) That the overall report and the Council Fund contingency sum as at 31 March 2016 be noted; and
(b) That the final level of balances on the Housing Revenue Account be noted.