Decision details

Year End 2017/18 Joint Finance and Performance Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


RESOLVED that Cabinet:


A       Acknowledged the outturn position set out in section three of Appendix A to this report for the year ending 31 March 2018 (1 April 2017 – 31 March 2018), subject to recommendations in paragraphs 17 to 19, as follows:


i)    An under-spend on controllable service budgets of £807,000 or -1.34 percent of the gross General Fund budget;


ii)  A total general fund underspend of £1,276,000 (-2.12 percent of the gross General Fund Budget) after including the impact of windfall income and non-controllable items; and


iii) A General Fund balance of £4,321,000 after adjustments for the recommended transfers to reserves, carry forward requests and other one off proposals as set out in this report.


B      Recognised the operational performance that has been achieved across all the Council services during 2017/18.


C      Approved:


i)    The carry forward of £137,300 of budgets from 2017/18 to 2018/19 as set out in paragraph 17 of the report;


ii)  The transfer to reserves of £592,811 as set out in paragraph 18 of the report;


iii) The transfer of £500,000 to the Harlow and Gilston Town Funding Reserve;


iv) The utilisation of future receipts from the Ram Gorse development for the purpose of enabling the balance of funding to deliver the new splash parks to be made available; and


v)  The transfer of £26,000 to the Discretionary Services Fund as set out in paragraph 19(c) of this report in support of future Community Wellbeing initiatives.

Report author: Brian Keane

Publication date: 20/07/2018

Date of decision: 19/07/2018

Decided at meeting: 19/07/2018 - Cabinet

Accompanying Documents: