Decision details

Corporate Financial Performance Report - Quarter 4 and Year End 2018/19 (Cab.24.6.2019/8)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes




(i)        that the 2018/19 draft revenue final accounts position, as set out in the report now submitted, be noted;


(ii)       that the final position for Council services being an operational underspend of £4.145m, as detailed in Section 3, be noted;


(iii)      that the final position for Corporate budgets being an operational underspend of £3.392m, giving an overall underspend on the Authority’s General Fund of £7.537m, as detailed in Section 3, be noted;


(iv)      that it be noted that the £2.800m of this balance has already been included within the updated 2019-2022 Reserves Strategy as part of approving the 2019/20 budget;


(v)       that approval for £4.000m of this balance be earmarked for anticipated Social Care cost pressures and future demography;


(vi)      that approval be given for the balance of £0.737m be transferred to the Authority’s Strategic Reserves in line with the updated Medium Term Financial Strategy (MTFS);


(vii)     that agreement be given to earmark the carry forward revenue resources as identified in Section 4 and Appendix 1 of the report, subject to further reports being submitted for individual approvals where necessary;


(viii)    that approval be given to write off historic bad debt totalling £1.340m being £1.222m (General Fund) and £0.118m trade debt/tenant arrears (HRA) as detailed in Section 6.10 of the report;


(ix)      that the position on the Invest to Grow Fund be noted;


(x)       that the Section 151 Officer be requested to submit further reports on the overall outturn position if any significant adjustments arise following external audit scrutiny; and


(xi)      that the potential impact of the draft revenue final accounts position on the Council’s Medium Term Financial Strategy (MTFS) as detailed in Section 8 of the report be noted.

Publication date: 02/07/2019

Date of decision: 24/06/2019

Decided at meeting: 24/06/2019 - Cabinet

Effective from: 02/07/2019

Accompanying Documents: