Issue - meetings
Provisional Financial Outturn 2014/15
Meeting: 21/07/2015 - Cabinet (Item 17)
17 Provisional Financial Outturn 2014/15 PDF 304 KB
Report of the Head of Finance
Presented by the Corporate Portfolio Holder
Minutes:
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.