Issue - meetings

Revenue Budget Monitoring 2018/19 (Outturn)

Meeting: 16/07/2019 - Cabinet (Item 39)

39 Revenue Budget Monitoring 2018/19 (Outturn) pdf icon PDF 389 KB

Additional documents:


As detailed in the recommendations.


The Corporate Finance Manager introduced the Revenue Budget Monitoring 2018/19 (Outturn) report which provided the position for 2018/19 for the Council Fund and Housing Revenue Account.


                        The final year end position was as follows:


            Council Fund

·         An operating surplus of £0.608m (£0.931m at Month 11); and

·         A Contingency Reserve balance as at 31st March 2019 of £8.252m which, when taking into account the agreed contributions for the 2019/20 budged reduced to £6.031m.


Housing Revenue Account


·         Net in year expenditure was £0.067m lower than budget; and

·         A closing un-earmarked balance as at 31st March 2019 of £1.165m.


The report contained details of: achievement of planned in-year efficiencies; overview of the year; reserves and balances; council fund earmarked reserved 2018/19 and requests for carry forward of funding.




(a)       That the overall report and the Council Fund contingency sum as at 31st March 2019 be noted;


(b)       That the final level of balances on the Housing Revenue Account as at 31st March 2019 be noted; and


            (c)        That the carry forwards requested be approved.