Agenda item

2017/18 Financial Outturn and Review of Performance: Quarter 4

To consider a report of the Interim Executive Director of Corporate Services (Section 151 Officer).


Jo Wilcox, Finance Lead for Corporate attended the meeting to present the Financial Outturn and Review of Performance for Quarter Four.


Jo summarised the end of year position for the Committee, highlights included the fact that the report balanced and the general reserves remained untouched.  Earlier in the year the Council had been facing an £18 million deficit, however mitigating action had been put into place in order to finish in a balanced position.

Wholly owned companies had returned a profit, this would go into the reserves.


The Committee congratulated the finance team on a positive balanced budget, given the projected overspend in Adult Social Care and Children’s Department, this has now been successfully balanced. 


The Committee requested that for future reports, more meaningful data that related back to the policies.should be included in  the section for Equality and Diversity.


The Chairman summarised the good progress had been maintained, and acknowledged that there were some areas for improvement but commended Officers on managing to pull back the budget to a balanced positon.




(a)  That the Officers be thanked for their attendance;

(b)  That the report be received and noted.





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