Decision details

RESOLVED that:

A     Acknowledges the outturn position set out in section three of Appendix A to this report for the year ending 31 March 2017 (1 April 2016 to 31 March 2017), subject to recommendations in paragraphs 18 and 20, as follows:

             i)        An under-spend on controllable service budgets of £508,000 or -0.81 percent of the gross General Fund budget after adjusting for carry forwards requests.

            ii)        A total general fund underspend of £1,570,000 (-2.51 percent of the gross General Fund Budget) after including the impact of windfall income, non-controllable items.

           iii)        A General Fund balance of £4.714 million after adjustments for the recommended transfers to reserves, carry forward requests and other one off proposals as set out in this report.

B    Recognises the operational performance that has been achieved across all Council services during 2016/17.

C    Approves:

             i)        The carry forward of £219,300 of budgets from 2016/17 to 2017/18 as set out in paragraph 19 of the report.

            ii)        The transfer to reserves of £140,000 as set out in paragraph 21 of the report.

           iii)        The allocation of up to £200,000 from the 2016/17 underspend to help support additional community safety resources in 2017/18 neighbourhood improvements, as reported elsewhere on the cabinet agenda.

           iv)        An additional allocation of £25,000 to recognise the excellent uptake of Harlow’s 70^th birthday celebrations funding.

            v)        The transfer of £300,000 to the Planning LDF Reserve to support the ongoing delivery of the Local Plan.