Decision details

This report provides a summary of the County Council's financial position at the end of 2016/17.

The County Council's final revenue outturn position is an underspend of £23.101m against an agreed cash limit budget of £713.020m. 

The County Council's capital spending in year totalled £144.653m, which equates to c90% of the agreed 2016/17 forecast expenditure for the programme.

Although this overall position is favourable, it is important to note that the outturn position is supported by c£83m from reserves and includes an extraordinary surplus of £23m as a result of Treasury Management activities. Without these items contributing to outturn the budget would be significantly overspent and in future financial years there continues to be an underlying pressure within service budgets, particularly in demand led areas such as Children's Social Care, Adults Social Care and Waste Services.

The Cabinet approved the recommendations as set out in the report.