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 icon 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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