The County Council's Financial Position - 2016/17 Outturn
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.
Decision type: Non-key
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Notice of proposed decision first published: 10/08/2017
Anticipated restriction: Part I -
Decision due: 10 Aug 2017 by Cabinet
Lead member: Leader of the County Council
- 10/08/2017 - Cabinet The County Council's Financial Position - 2016/17 Outturn 10/08/2017