Issue - decisions

RESOLVED that Cabinet:-

(a)           note the year-end financial outturn positions achieved including revenue, capital, reserves and for the HRA; and

(b)           agree the capital virements in paragraph 84 of the report.

RECOMMENDED that Council:-

(c)           agree the capital virements in paragraph 85 of the report.

Voting: Unanimous

Portfolio Holder: Finance

Reasons

To comply with accounting codes of practice and best practice which requires councils to report their end of year financial position compared with the budget of the authority.

To facilitate the implementation of a strong and active culture of financial management within the council by identifying when prompt management action is needed to avoid an adverse impact on future service delivery or the achievement of future corporate objectives.