| Reference Number :- | 2446 |
| Date :- | 2014/06/13 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Financial Outturn 2013/14 |
| Decision :- | (a) That the financial outturn position for 2013/14 as set out in the Report A.6 and appendices of the report of the Finance and Transformation Portfolio Holder be noted. (b) That, against the background of the opportunity to reinvest increased income and the increasingly difficult financial environment faced by the Council along with balancing the deliverability of key priorities and actions to support the budget in future years, the net General Fund variance for 2013/14 of £0.667m be allocated as follows:- i. £0.400m be transferred to the Asset Refurbishment/ Replacement Earmarked Reserve ii. £0.267m be transferred to Austerity Earmarked Reserve (c) That the Revenue Commitments of £12.317m to be carried forward from 2013/14 to 2014/15 as set out in Appendix A of item A6 of the report of the Finance and Transformation Portfolio Holder be approved. (d) That the financing of capital expenditure for 2013/14 as detailed in Appendix E of item A6 of the report of the Finance and Transformation Portfolio Holder be approved. (e) That the capital budgets of £6.168m to be carried forward from 2013/14 to 2014/15 and the associated carry forward of the revenue contribution to capital of £0.783m be approved. (f) That the updated capital programme and associated financing as set out in Appendix G of item A6 of the report of the Finance and Transformation Portfolio Holder be approved. (g) That the movement in uncommitted and earmarked reserves for 2013/14 as set out in Appendix F of item A6 of the report of the Finance and Transformation Portfolio Holder and any amendments arising from resolution (b) be approved. (h) That the movement on HRA balances for 2013/14 including the commitments set out in Appendix D of item A6 of the report of the Finance and Transformation Portfolio Holder be approved. (i) That, in respect of the £0.308m for Regeneration Capital Projects within the Capital Programme, the Corporate Director (Public Experience) be authorised to allocate the £0.308m of funding to projects within the wider area of Jaywick in consultation with the Regeneration, Inward Investment and Asset Management Portfolio Holder and the Finance and Transformation Portfolio Holder. |
| Reason for Decision :- | Having considered the report and appendices. |
| Alternative Options Considered :- | None. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. Consultation with Ward Member: N/A. |
| Contact Officer :- | Finance and Procurement Manager (Richard Barrett) |
| Decision to Take Effect at end of :- | 2014/06/20 |
| Attachments :- | Financial Outturn Report (574K/bytes) |