| Reference Number :- | 2696 |
| Date :- | 2016/06/10 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | No |
| Subject of Decision :- | Financial Outturn 2015/2016 |
| Decision :- | That: (a) the financial outturn position for 2015/16 as set out in the report and appendices was noted; (b) the General Fund Revenue Commitments of £10.267million to be carried forward from 2015/16 to 2016/17, as set out in Appendix A to the report, was approved; (c) the following budget adjustments funded from the General Fund variance for 2015/16 of £1.024million was approved: • £0.250million be allocated to a central agency staff budget in 2016/17; • £0.500million be set aside for the Tendring-wide broadband project currently being developed in partnership with Essex County Council; • £0.024million be allocated to the Public Convenience Cleaning Contract budget in 2016/17 to support increased short-term costs whilst a review of the contract is carried out; • £0.250million be set aside to support the Garden Communities Project, with authorised delegation given to the Leader of the Council to agree expenditure against this project. (d) the financing of General Fund capital expenditure for 2015/16, as detailed in Appendix D to the report, was approved; (e) the General Fund capital budgets of £8.572million to be carried forward from 2015/16 to 2016/17 and the associated carry forward of the revenue contribution to capital of £0.378million was approved; (f) the updated General Fund capital programme for 2016/17 to 2019/20 and associated financing, as set out in Appendix K to the report was approved; (g) the movement in uncommitted and earmarked General Fund reserves for 2015/16, as set out in Appendix E to the report and any amendments arising from resolution (c) above along with changing the name of the Austerity Reserve to the Building for the Future Reserve from 1 April 2016 was approved; (h) in respect of the HRA, the movement on HRA balances for 2015/16 including the commitments set out within Appendices I and J to the report along with recharges to the HRA from the General Fund of £2.107million for the year and the financing of the HRA capital expenditure set out in Appendix J aforesaid was approved; and (i) authorised delegation was given to the Council’s Section 151 Officer, in consultation with the Portfolio Holder for Finance and Revenues & Benefits, to adjust the outturn position for 2015/16 along with any corresponding adjustment to earmarked reserves as a direct result of any recommendations made by the Council’s External Auditor during the course of their audit activities relating to the Council’s 2015/16 accounts. |
| Reason for Decision :- | Having considered the report. |
| Alternative Options Considered :- | None |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. Consultation with Ward Member: N/A. |
| Contact Officer :- | Head of Finance, Revenues & Benefits Services - Richard Barrett |
| Decision to Take Effect at end of :- | 2016/06/17 |
| Attachments :- | Financial Outturn 2015/16 (639K/bytes) |