To consider a report of the Executive Member for Finance and Chief Finance Officer.

1. That the content of the report be noted.

2. That the pre-audited revenue budget outturn be noted.

3. That the levels of General & Service Reserves and Collection Fund balances and commitments be noted.

4. That the outturn position on the Capital Programme and Prudential Indicators be noted.

5. That the additional capital expenditure of £500k on the redevelopment scheme at Urmston Leisure Centre be approved.

The Executive Member for Finance and the Chief Finance Officer submitted a report which sought to inform Members of the 2017/18 draft outturn figures relating to both Revenue and Capital budgets, the level of General and Service Reserves. It also summarised the final unaudited position for Council Tax and Business Rates within the Collection Fund. The Executive’s approval was also sought for the additional capital expenditure of £500k on the redevelopment scheme at Urmston Leisure Centre. An opportunity was provided for Members to raise questions on the report’s content; and in response to a question, it was agreed that further details on an issue relating to virements and delegation limits would be supplied outside the meeting.

            RESOLVED –

(1)       That the content of the report be noted.

(2)       That the pre-audited revenue budget outturn be noted.

(3)       That the levels of General & Service Reserves and Collection Fund balances and commitments be noted.

(4)       That the outturn position on the Capital Programme and Prudential Indicators be noted.

(5)       That the additional capital expenditure of £500k on the redevelopment scheme at Urmston Leisure Centre be approved.