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Issue - meetings

Revenue Outturn 2017/18 – Allocation of Underspend

Meeting: 10/07/2018 - Strategic Planning, Sustainability and Transportation Committee (Item 42)

42 Revenue Outturn 2017/18 – Allocation of Underspend pdf icon PDF 51 KB

Minutes:

Mr William Cornall, Director of Regeneration and Place, updated the Committee on the Council’s 2017/18 budget underspend. Mr Cornall explained that Service Committees were being consulted on as to whether they had any one-off projects that would assist the Council in achieving its Strategic Objectives that could be submitted to Policy and Resources Committee to consider funding from the underspend.

 

The Committee debated the report and concluded that the most prudent decision would be to add the underspend to reserves to give greater financial certainty for the 2018-19 budget. However it was requested that a list of scoped and costed projects be produced, including a project covering e-learning for Planning Committee members, in case similar future funding opportunities became available.

 

RESOLVED:

 

That the underspend is added to revenue reserves to provide additional resources for the Council, to be called on as necessary in the future.

 

Voting: Unanimous