Issue - meetings

The Executive Member for Financial Sustainability submitted a report advising the Executive on the General Fund Revenue Outturn for 2018/19 and providing explanations for significant variances against the approved Budget.  The report also advised the Executive of the financing arrangements for the 2018/19 capital outturn and sought approval of slippage from 2018/19.

Councillor Williamson said the outturn figures were very good.  Whilst there were some variances, there were also some investments which had performed better than anticipated.  He referred to the capital programme showing many completed projects, and a number which would need to be re-scheduled to the present year. 

Councillor Haysey congratulated officers on the work in preparing the report, and said she recognised that capital schemes could slip. 

Councillor G Williamson proposed, and Councillor G McAndrew seconded, a motion to support the recommendations now detailed.  After being put to the meeting and a vote taken, the motion was declared CARRIED. 

RESOLVED – that (A) the transfer of the General Fund revenue outturn of £15,000 underspend be transferred to the General Reserve; and

(B) that Capital budgets of £5.611m be re-profiled from the 2018/19 capital programme to the 2019/20 programme to fund ongoing capital schemes.