Issue - meetings

To consider the report of the Deputy Chief Executive setting out the Council’s provisional outturn position for the 2014/15 financial year.

The Deputy Chief Executive submitted a report setting out the provisional outturn position for the 2014/15 financial year in respect of the Council’s Revenue Budget and the Housing Revenue Account.

Members noted that the 2014/15 General Fund Revenue Budget, as approved by Council, provided for a variety of actions to reduce spending by approximately £47m and acknowledged that action taken across all areas of the Council had delivered significant savings in line with the approved budget.

The provisional outturn position was reported as being an overall underspend of £0.7m – representing an improvement of £0.4m from the previously reported position and in line with the assumption in the 2015/16 budget. The Housing Revenue Account is projecting a surplus of £4.7m.

RESOLVED - To note the provisional outturn financial position of the authority for 2014/15.