Decision details

Purpose of Report: To provide members with the year end position on both finance and performance.

Executive are asked to note the outturn.

Resolved: That the Executive;

1)    Note the year end underspend of £542k (excluding contingency) and approve that this is transferred to reserves.

2)   Note the further unallocated amount of £549k from the 2016/17 contingency and that this balance be carried forward into 2017/18 and added to the existing contingency for 2017/18.

3)   Note the financial risks outlined in the report and the need to continue to maintain a prudent contingency and reserves that is reflective of the risks set out in the report.

4)   Note the continued effective financial management across the Council and the continued delivery of savings.

5)   Note the performance information set out in paragraph 53 onward.

Reason:     To ensure significant financial issues can be appropriately dealt with.