Decision details

To update Cabinet on the Financial Outturn 2016-17.

RESOLVED:

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.