Issue - meetings
REVENUE BUDGET MONITORING 2014/15 - PERIOD 12 OUTTURN (APRIL 2014 to MARCH 2015)
Meeting: 29/06/2015 - Executive (Item 11)
11 REVENUE BUDGET MONITORING 2014/15 - PERIOD 12 OUTTURN (APRIL 2014 to MARCH 2015) 
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To consider a report of the Executive Member for Finance and Director of Finance.
Decision:
1. That the pre-audited outturn be noted.
2. That the £(1.067)m underspend in Children, Families & Wellbeing be transferred to the General Reserve.
3. That an earmarked reserve of £400k is established in respect of the Better Care Fund.
4. That the General Reserve and Collection Fund balances and commitments be noted and confirmed.
Minutes:
The Executive Member for Finance and Director of Finance submitted a report setting out the pre-audit outturn position in relation to the monitoring of the Council’s Revenue Budget for 2014/15. An opportunity was provided for Members to ask questions on the content of the report. In response to a query regarding adoption levels, the Executive Member advised that the Council’s policy remained unchanged, but that its practical application had needed to respond to changes in the legal environment as interpreted by the courts.
RESOLVED -
(1) That the pre-audited outturn be noted.
(2) That the £(1.067)m underspend in Children, Families & Wellbeing be transferred to the General Reserve.
(3) That an earmarked reserve of £400k is established in respect of the Better Care Fund.
(4) That the General Reserve and Collection Fund balances and commitments be noted and confirmed.
