Issue - meetings

As detailed in the recommendations.

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 31^st March 2016 of £4.375M

Housing Revenue Account

• Net in year expenditure was £0.059M higher than budget
• A closing balance as at 31^st 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.