Agenda item

To consider the 2016/17 financial outturn and review of performance.

Cabinet considered the 2016/17 financial outturn and review of performance.

The following appendices to the report set out details of how the Council had performed in 2016/17:

Appendix 1 – Narrative from the Draft Group Accounts

Appendix 2 – Outcomes

Appendix 3 – Grants

Appendix 4 – Requests for Supplementary Capital Estimates and  Virements

Appendix 5 – Debt Management

Appendix 6 – Reserves

Appendix 7 – Workforce Development

Councillor S Corcoran asked about Council Tax collection rates and whether there might be better ways of encouraging people to pay, as opposed to taking action against non-payers. The Portfolio Holder for Finance and Communities offered to discuss a range of issues with Councillor Corcoran, including a breakdown of the £1M cost of recovery.

RESOLVED

That Cabinet

1.    notes the financial outturn and review of 2016/17 performance in relation to the following:

§  the narrative to the draft Group Accounts, including the financial outturn and impact on the Council’s reserves and Balance Sheet (Appendix 1)

§  summary of performance against the Council’s 6  Outcomes contained within the Council’s Corporate Plan 2016 to 2020 (Appendix 1)

§  the final service revenue and capital outturn positions, overall financial stability of the Council, and the impact on the Council’s reserves position (Appendix 1)

§  fully funded supplementary capital estimates and virements up to £250,000 approved in accordance with Finance Procedure Rules (Appendix 4, Table 5)

§  changes to Capital Budgets made in accordance with the Finance Procedure Rules (Appendix 4, Table 8)

§  management of invoiced debt (Appendix 5)

§  use of earmarked reserves (Appendix 6)

§  update on workforce development and staffing (Appendix 7)

2.    approves

(a)  a Supplementary Capital Estimate of £776,000 funded by the Department of Transport pot hole fund and virements as detailed in Appendix 4, Table 6; and

(b)  the allocation of additional grant funding totalling £42,280, as shown in Appendix 3, Table 1; and

3       recommends that Council approve

(a)  fully funded supplementary capital estimates and virements above £1,000,000 in accordance with Financial Procedure Rules as detailed in Appendix 4, Table 7.