The County Council's Financial Position - 2018/19 Outturn
This report provides details for Cabinet on the county council's 2018/19 revenue and capital outturn position.
The 2018/19 revenue position at the end of the year is net expenditure of £745.375m, which represents an in year underspend of £19.265m which is 2.52% of the revenue budget.
The revenue position includes significant levels of support from reserves that have previously been agreed. In some cases this is specific expenditure taking place because reserve/grant funding has been provided, however some funding is structural and recurrently required to support the revenue budget. In 2018/19 the structural reserve funding totalled £44.767m, primarily covering the funding gap, and if this support had not been available then expenditure would have exceeded income by £25.502m.
The capital delivery programme for 2018/19 totalled £124.170m with the programme delivering an outturn position of £120.514m, a variance to budget of £3.656m.
Decision type: Non-key
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Notice of proposed decision first published: 13/06/2019
Anticipated restriction: Part I -
Decision due: 13 Jun 2019 by Cabinet
Lead member: Leader of the County Council
Lead director: Director of Finance
Contact: Kate Lee Email: email@example.com Tel: 01772 531733.
- 13/06/2019 - Cabinet The County Council's Financial Position - 2018/19 Outturn 13/06/2019