Decision details

Budget Monitoring Outturn Report 2018/19

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1. Cabinet noted the contents of the report and the final position of the General fund for the financial year 2018/19 of a £3.2m surplus, and the key reasons for budget variances as set out in Appendix A of the report;

2. Cabinet noted the final outturn of the Council’s capital expenditure, of total expenditure of £129.5m compared to a final capital budget for the year of £160.4m;

3. Cabinet noted the outturn position for the Dedicated Schools Grant of £1.962m surplus to be carried forward;

4. Cabinet noted the outturn position for the Housing Revenue Account of £8.3m underspend to be carried forward for the councils landlord functions;

5. Cabinet noted the balanced outturn position of the public health grant;

6. Cabinet noted the implication of the final outturn on the Council’s reserve position;

7. Cabinet noted the in-year collection levels for both Business Rates and Council Tax;

8. Cabinet noted the level of aged debt as at 31 March 2019; and

9. Cabinet noted the performance on delivery of savings.

 

10. Cabinet approved the addition of new specific grants reserve requests totalling £0.905m to the budget and simultaneous transfer to reserves;

11. Cabinet approved carrying forward capital budget totalling £26.6m within general fund and £2.8m in HRA;

12. Cabinet approved the re-profiled capital programme as detailed in appendix A5;

13. Cabinet approved the transfer of the year-end balances of £1.578m, made up of £1.561m from the Schools Block and £17k from the School Central Services Block to the High Needs Block ;

14. Cabinet approved £0.517m from the carry forward underspend on early years block to maintain the current maintained nursery schools supplement in 2019/20; and

15. Cabinet approved the increases to SEN funding for early years settings, with effect from 1st April 2019, consistent with the proposals that were the subject of consultation in December 2018, but for one financial year only, pending the outcomes of the full review of top-up arrangements in the High Needs Transformation Programme.

Report author: Michael Pilcher

Publication date: 18/06/2019

Date of decision: 18/06/2019

Decided at meeting: 18/06/2019 - Cabinet

Effective from: 26/06/2019

Accompanying Documents: