Decision details

a) To note actual income and expenditure compared to the final budget for 2017/18 (outturn position).
b) To review revenue and capital budget variances with explanations.
c) To review specific requests to carry forward residual revenue funding from 2017/18 to 2018/19.
e) To review specific requests to carry forward residual capital funding from 2017/18 to 2018/19.

Matter for Decision

The report gave a summary of actual income and expenditure compared to the final budget for 2017/18 (outturn position). The report outlined the revenue and capital budget variances with explanations. It outlined specific requests to carry forward funding available from budget underspends into 2018/19.

Decision of Executive Councillor for Strategy and External Partnerships

i. Agreed to carry forward requests totalling £424,000 revenue funding from 2017/18 to 2018/19, as detailed in Appendix C

ii. Agreed to carry forward requests of £1,043k capital resources from 2017/18 to 2018/19 to fund rephased net capital spending, as detailed in Appendix D.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Head of Finance, and she highlighted the following corrections and late changes that needed to be made to the report following publication.

In Appendix C the carry forward request for the Programme Office is reduced from £291,500 to £241,500, giving a total carry forward of £424,000.

The carry forward figures in Appendix A should then be aligned with Appendix C, with the figure for Central Provisions, Support Services and Centrally allocated costs being reduced from £160,000 to £137,500 and the Programme Office figure being changed from £219,000 to £241,500.

The Committee made the following comments in response to the report:

     i.        Sought clarification on the underspend for the youth apprenticeship scheme £147,000 referred to on p75.

The Head of Finance agreed to provide the detail on this underspend.

The Committee resolved by 4 votes to 0 to endorse the recommendation.

The Executive Councillor approved the recommendation.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.