Issue - meetings

The report provides a summary of the 2014/15 Revenue Outturn for the General Fund and The Housing Revenue Account (HRA).  The Statement of Accounts, which contains the detailed figures in a format compliant with Audit requirements, will be presented for approval by the Audit Committee later in the Summer.

Recommendation

It is recommended that the Executive:

1.            notes the Revenue Outturn position for 2014/15;

2.            approves Revenue Carry Forwards of £136,000 on the General Fund from 2014/15 to 2015/16 as detailed at Annexe 3;

3.            approves an additional budget of £7,500 from the 2014/15 General Fund underspend to meet the cost of the enhanced recycling information campaign as set out in paragraph 16;

4.            approves the transfer of the net General Fund underspend, after identified commitments, to the Revenue Reserve Fund;

5.            approves Revenue Carry Forwards on the HRA of £170,000 from 2014/15 to 2015/16, including £150,000 to fund the fitting of Smoke Alarms in 2015/16 as detailed at Annexe 3; and

6.            requests officers to undertake a mid-year budget review for 2015/16 and report to the Executive in October.

The Executive agreed to

1.            note the Revenue Outturn position for 2014/15;

2.            approve Revenue Carry Forwards of £136,000 on the General Fund from 2014/15 to 2015/16 as detailed at Annexe 3;

3.            approve an additional budget of £7,500 from the 2014/15 General Fund underspend to meet the cost of the enhanced recycling information campaign, as set out in paragraph 16 of the report;

4.            approve the transfer of the net General Fund underspend, after identified commitments, to the Revenue Reserve Fund;

5.            approve Revenue Carry Forwards on the HRA of £170,000 from 2014/15 to 2015/16, including £150,000 to fund the fitting of Smoke Alarms in 2015/16 as detailed at Annexe 3; and

6.            request officers to undertake a mid-year budget review for 2015/16 and report to the Executive in October.

[CORPORATE OVERVIEW AND SCRUTINY COMMITTEE]

[Reason: to receive the final budget report for 2014/15 setting out the outturn position].

RESOLVED  that

1.            the Revenue Outturn position for 2014/15 be noted;

2.            Revenue Carry Forwards of £136,000 on the General Fund from 2014/15 to 2015/16 be approved, as detailed at Annexe 3;

3.            an additional budget of £7,500 be approved from the 2014/15 General Fund underspend to meet the cost of the enhanced recycling information campaign, as set out in paragraph 16 of the report;

4.            the transfer of the net General Fund underspend, after identified commitments, to the Revenue Reserve Fund be approved;

5.            Revenue Carry Forwards on the HRA of £170,000 from 2014/15 to 2015/16 be approved, including £150,000 to fund the fitting of Smoke Alarms in 2015/16, as detailed at Annexe 3; and

6.            officers be requested to undertake a mid-year budget review for 2015/16 and report to the Executive in October.

[Reason: to receive the final budget report for 2014/15 setting out the outturn position].