Issue - meetings

Report of the Head of Finance

Presented by the Corporate Portfolio Holder

The Leader presented the report to Members on behalf of the Corporate Portfolio Holder.

He highlighted that the General Fund was provisionally £1.6million under spent, subject to external audit, mostly as a result of additional income.  The additional income included an extra £0.8million from planning fee income, approximately £0.4million from locally retained business rates and £131,000 extra from recycling.  Also the £160,000 budget contingencies were not needed and the Council benefited from over £100,000 in reductions in business rates expenditure.  He also reported that the under spend would be transferred to the General Fund Reserve, which would then total £3million.

It was moved by Councillor R Blunt, seconded by Councillor T Gillard and

RESOLVED THAT:

The Provisional Financial Outturn Position for 2014/15 be noted.

Reason for decision: Requirement for Financial Procedure Rules.