The County Council's Financial Position - 2015/16 Outturn
Decision Maker: Executive Scrutiny Committee, Cabinet
Decision status: Recommendations approved
Is Key decision?: No
Purpose:
This report provides details of the financial
position of the County Council as at 31st March 2016.
Decisions:
Cabinet considered a report providing a summary of the County Council's financial position at the end of 2015/16. Cabinet welcomed the underspend of £0.601m against an agreed cash limit budget of £726.675m in the final revenue outturn position, although it was recognised that the position in relation to the capital programme was less positive.
Cabinet also noted the significant pressures facing the Council in 2016/17 and beyond.
Resolved: That
i. the transfer of the 2015/16 underspend to reserves be approved
ii. the Capital Programme for 2016/17 and onwards be increased by £108.778m to reflect the slippage in 2015/16.
Divisions Affected: (All Divisions);
Contact: Kate Lee Email: kate.lee@lancashire.gov.uk Tel: 01772 531733, Neil Kissock Email: neil.kissock@lancashire.gov.uk Tel: 01772 534286.
Report author: Kate Lee
Date of decision: 14/07/2016
Decided at meeting: 14/07/2016 - Cabinet
Accompanying Documents:
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