Issue - meetings
Financial Outturn 2015 - 2016???????????????????
Meeting: 03/07/2017 - City Council (Item 16)
16 Financial Outturn 2016 - 2017 PDF 160 KB
Andrew Hardingham, Interim Joint Strategic Director Transformation and Change will submit the Financial Outturn 2016 – 2017.
Additional documents:
Minutes:
Councillor Darcy (Cabinet Member for Finance/ICT) presented the report on the Financial Outturn 2016 – 2017 for noting. Council noted:
1. the provisional outturn position as at 31 March 2017
2. the use of capital receipts - £0.267m - to write down Minimum Revenue Provision (MRP) to ensure a balanced budget position is achieved in 2016/17.
3. the additional transfers to and from reserves reflected within the outturn figures:
· Release the Business Rates Reserve (£1.000m).
· Transfer to Housing Benefits Overpayments Provision (£1.000m).
· Release of Stock Transfer Reserve (£1.005m).
4. the release of £0.350m from Working Balances and transfer to the Redundancy reserve.
5. the Capital Report including the Capital Financing Requirement of £90.423m.
Meeting: 11/07/2016 - City Council (Item 22)
22 Financial Outturn 2015 - 2016 (including Capital Programme and Treasury Management) PDF 203 KB
Lesa Annear, Strategic Director for Transformation and Change will submit the Financial Outturn 2015 – 2016 (including Capital Programme and Treasury Management).
Additional documents:
Minutes:
Councillor Darcy (Cabinet Member for Finance/ICT) presented the report on the Financial Outturn 2015 – 2016 (including Capital Programme and Treasury Management) for noting. Council noted:
1. The provisional outturn position as at 31 March 2016.
2. The adjusted revenue surplus for the year of £0.032m and that this will be transferred to the General Fund Working Balance.
3. The additional transfers to and from reserves reflected within the outturn figures:
· Creation of a Modernisation Enabler Reserve £1.100m
· Transfer to Redundancy Reserve £1.000m
· Release from Insurance Provision and Reserve £(0.962)m
· Transfer to Business Rates Reserve £1.000m
· Transfer to Pensions Reserve £0.400m
· Release from General Fund Bad Debt Provision £(0.158)m
· Transfer to provision for Housing Benefit Overpayments £0.500m
4. The Capital Financing Requirement of £62.224m and the borrowing requirement of £11.277m for 2015/16.
5. The re-profiling changes to the Capital Programme identified during the outturn process.
6. The additions to the Capital Programme, which total £9.198m for the period November 2015 – March 2016.
7. The Treasury Management Outturn Position and the new operational and authorised limits for 2015/16 to 2017/18.