Issue - meetings
Financial Outturn Report 2018/19
Meeting: 15/07/2019 - Cabinet (Item 12)
12 Financial Outturn Report 2018/19 
PDF 192 KB
This report sets out the 2018/19 outturn position against the revenue budget.
Decision:
RESOLVED:
i. That Cabinet noted the overall financial outturn as set out in the report.
Minutes:
Councillor Margaret McLennan, Deputy Leader of the Council, introduced the report setting out the 2018/19 outturn position against the revenue budget.
Councillor McLennan stated that, overall, the Council underspent against the main general fund revenue budget by £2.0m. She stated that there is an overspend of £1.7m in Children & Young People (CYP), however this will be met by contingency funds within CYP reserves.
Councillor McLennan stated that there is also a small overspend of £0.2m within Community Wellbeing. Offsetting these are an underspend of £3.8m in Regeneration and Environment, of which £2.7m is proposed to be set aside the 2019/20 projects.
Councillor McLennan stated that, overall, the Council underspend against the main general fund revenue budget by £2.0m. There is an overspend of £1.7m in Children & Young People (CYP), however this will be met by contingency funds within the CYP reserves.
RESOLVED:
i. That Cabinet noted the overall financial outturn as set out in the report.