Decision details

Financial Outturn 2016/17

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


To update Cabinet on the Financial Outturn 2016-17.




1.      It be noted that:


                i)   The savings achieved in year total £590k

               ii)   The year-end position for the financial year 2016/17 is to increase the Council’s General Fund balance by £20k

              iii)   The General Fund balance has increased from £1.635m to £1.655m at the end of 2016/17.

              iv)   That this change in the General Fund balance is after a transfer to earmarked reserves of £692k

               v)   That the business rates pool has returned a surplus of £329k to the City Council.

2.         The transfers to and from earmarked reserves as below and detailed in section 8 of this report beapproved.



Report author: Jon Topping

Publication date: 21/06/2017

Date of decision: 21/06/2017

Decided at meeting: 21/06/2017 - Cabinet

Effective from: 29/06/2017

Accompanying Documents:


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