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Issue - meetings

2014/15 Finance and Performance Outturn

Meeting: 30/07/2015 - Executive (Item 31)

31 2014/15 Draft Outturn pdf icon PDF 238 KB

This report provides a year end analysis of financial performance.  Dashboards for performance under the previous Council Plan priorities are also attached, based on the latest available data.

Additional documents:

Decision:

Resolved:  That the Executive note the year end under spend of £688k and that this has been fully utilised in the emergency budget motion agreed by Council on the 16th July 2015.

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

 

Minutes:

 

Consideration was given to a report which provided a year end analysis of the Council’s financial performance over the 2014/15 financial year, detailed at Annex 1 in the performance dashboards.

 

The Council’s net General Fund budget for 2014/15 was reported as £124,186k with a provisional outturn of an under spend of £688k, an improvement of £1.4m since Monitor 3. It was noted that the Council’s reserve now stood at £7.5m and that beyond 2015/16 significant financial challenges would continue.

 

Further information in relation to the financial outturn of each directorate was reported at paragraphs 8 to 33 and at Annex 1, together with details of the achievements and challenges in relation to performance.

 

Resolved:  That the Executive note the year end under spend of £688k and that this has been fully utilised in the emergency budget motion agreed by Council on the 16th July 2015.

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

 


 

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