Issue - meetings
The County Council's Financial Position - 2018/19 Outturn
Meeting: 13/06/2019 - Cabinet (Item 4)
4 The County Council's Financial Position - 2018/19 Outturn PDF 23 KB
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Minutes:
Cabinet received a report providing details on the county council's 2018/19 revenue and capital outturn position.
It was reported that the 2018/19 revenue position at the end of the year was net expenditure of £745.375m, which represented an in-year underspend of £19.265m which is 2.52% of the revenue budget, and that this position included significant levels of support from reserves that have previously been agreed.
Resolved: That
i. the council's final revenue and capital outturn position for 2018/19 be noted
ii. the transfer of the 2018/19 underspend to the transitional reserve be approved
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