Issue - meetings
2018/19 BUDGET MONITORING OUT-TURN REPORT
Meeting: 29/07/2019 - Accounts and Audit Committee (Item 18)
18 BUDGET MONITORING 2018/19 PERIOD 12 OUT-TURN REPORT (APRIL 2018 - MARCH 2019) 
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To consider a report of the Executive Member for Finance and Investment and of the Corporate Director, Finance and Systems.
Minutes:
The Executive Member for Finance and Investment and the Corporate Director of Finance and Systems submitted a report which informed Members of the 2018/19 draft outturn figures relating to both Revenue and Capital budgets, and the level of General and Service Reserves. It also summarised the final unaudited position for Council Tax and Business Rates within the Collection Fund. It was noted that the report had been presented to, and discussed at, the meeting of the Executive held on 24th June 2019.
RESOLVED -
(1) That the report be noted, and the outturn position showing a budget underspend of £1.783m, which will be transferred to the Budget Support Reserve.
(2) That the creation be noted of a new earmarked reserve of £1.5m to support an improvement plan in Children’s services, following the recent ‘inadequate’ report from Ofsted.
(3) That the other changes to reserves as detailed in paragraph 8 and Appendix 2 to the report be noted.
