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 icon 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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