Issue - meetings
The County Council's Financial Position - 2016/17 Outturn
Meeting: 10/08/2017 - Cabinet (Item 4)
4 The County Council's Financial Position - 2016/17 Outturn PDF 86 KB
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Minutes:
Cabinet considered a report which provided a summary of the County Council's financial position at the end of 2016/17. It was noted that the County Council's final revenue outturn position was an underspend of £23.101m against an agreed cash limit budget of £713.020m, and that the County Council's capital spending in year totalled £144.653m, which equated to c90% of the agreed 2016/17 forecast expenditure for the programme.
Resolved: That,
i. the County Council's final revenue and capital outturn position for 2016/17 be noted.
ii. the 2016/17 underspend be transferred to the transitional reserve.
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