Issue - meetings

This report summarises the Council’s financial performance for 2017/18 and details the capital budgets to be carried forward for schemes where costs will be incurred in 2018/19.

The Committee:

(1)          Received the report on the financial outturn for 2017/18;

(2)          Noted the carry forward of a £2.114 million budget for capital schemes to be added to the 2018/19 Capital Programme.

A report was presented to Committee that summarised the Council’s financial performance for 2017/18 and detailed the capital budgets to be carried forward for schemes where costs would be incurred in 2018/19.

The report highlighted that the Council faced a challenge to deliver future savings that would achieve a balanced budget with further substantial reductions in government grant funding.

The Capital Programme included a number of schemes were provision needed to be carried forward into 2018/19. Funding remained in place to allow completion of those schemes.  However, the Capital Member Group ought to examine the reason for slippage on individual schemes as part of the Capital Programme Review.

The Committee:

(1)          Received the report on the financial outturn for 2017/18;

(2)          Noted the carry forward of a £2.114 million budget for capital schemes to be added to the 2018/19 Capital Programme.