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Issue - meetings

2015/16 Finance and Performance Outturn

Meeting: 30/06/2016 - Executive (Item 12)

12 2015/16 Draft Outturn Finance and Performance pdf icon PDF 515 KB

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

 

Additional documents:

Decision:

Resolved: That the Executive agree to:

 

(i)           Note the year end under spend of £876k and the allocation of £80k as outlined in paragraph 54 of the report with the balance of £796k transferred to the General Contingency;

 

(ii)          Note the financial risks outlined in the report and the need to maintain a significant contingency at this time and;

 

(iii)        The requests from contingency totalling £100k as outlined in the report.

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 2015/16 financial year, detailed at Annex A in the York Monitor.

 

The Council’s net General Fund budget for 2015/16 was reported as £119,760k with a provisional outturn of an under spend of £876k, an improvement of £1.8m since Monitor 3. It was noted that the Council’s reserve at the beginning of 2015/16 stood at £6.8m and that this level would be maintained for 2016/17 to take account of increased risks facing the authority. Proposals for the allocation of the £80k under spend for 2015/16 in the areas of recycling, pupil premium, city ambassadors and delivery of two further jobs fairs, were also reported.

 

Further information in relation to the financial outturn of each directorate was reported at paragraphs 9 to 46 and at Annex 1, together with details of the achievements and challenges in relation to performance.

 

Resolved: That the Executive agree to:

 

(i)           Note the year end under spend of £876k and the allocation of £80k as outlined in paragraph 54 of the report with the balance of £796k transferred to the General Contingency;

 

(ii)          Note the financial risks outlined in the report and the need to maintain a significant contingency at this time and;

 

(iii)        The requests from contingency totalling £100k as outlined in the report.

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

 


 

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