Issue details

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: Tel: 01772 531733.


Agenda items