Decision details

Matter for Decision

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

Decision of Executive Councillor for Finance and Resources

     i.        Approved carry forward requests totaling £300k revenue funding from 2017/18 to 2018/19 as detailed in Appendix C of the officer’s report.

    ii.        Approved carry forward requests of £5,060k capital resources from 2017/18 to 2018/19 to fund rephased net capital spending as detailed in Appendix D of the officer’s report.

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.

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

     i.        Referred to Appendix B on p105 of the agenda and the underspend in internal audit due to vacancies in post. He commented that these were core functions and vacancies might increase the operational risk to council, he sought assurances these were being addressed.

The Head of Finance said the following in response to Members’ questions:

     i.        A recruitment process was being undertaken and there were a number of potential candidates.

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

The Executive Councillor approved the recommendations.

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

No conflicts of interest were declared by the Executive Councillor.