Decision details

Revenue Full Year Financial Performance 2014-15

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To provide information on the actual full year revenue budget financial position of the Council as at 31 March 2015.

Decision:

RECOMMEND to Council that the actual out-turn of £248,000 be contributed to the Organisational Development Reserve to fund the Transformation Programme.

Reasons for the decision:

To provide timely information to Members on the overall finances of the Council and to make the best use of resources available, anticipating future year’s expenditure whilst maintaining the General Fund balance at the appropriate level.

Alternative options considered:

1.     To recommend to Full Council that the actual out-turn of £248,000 be contributed to the Organisational Development Reserve funding the Transformation Programme.

 

2.     Do not contribute £248,000 to the Organisational Development Reserve (leaving it in the General Fund instead).

Report author: Alison Chubbock

Publication date: 11/06/2015

Date of decision: 09/06/2015

Decided at meeting: 09/06/2015 - Cabinet

Accompanying Documents: