Cabinet Member for Finance and Performance

Cabinet considered the report of the Chief Financial Officer and the above Cabinet Member which showed the revenue and capital projected outturn for 2016/17 as at the end of December 2016.

The Cabinet Member for Finance and Performance highlighted the projected net underspend on services of £648, 970, the difficulty in projecting planning fees income and the increase in parking fees, resulting in increased revenue.  He added that The Mill Skatepark project was progressing.

In response to a question from a Member, the Chief Financial Officer confirmed the numbering of the section under Capital Expenditure on page 62 should follow in number sequence and start at 3.11 as detailed in the recommendations.  This was noted by Members.

Resolved:

(1)       That the net revenue underspend of services of £716,590 (including £785,000 on additional income), a proposed rollover of specific grants of £67,620 for 2016/17 be noted.

(2)       That the capital expenditure of £1,581, 600 to end of December 2016 be noted.

(3)       That the projected capital underspend of £502,000 be noted.

(4)       That capital receipts of £100,000 be earmarked for Minster Churchyard wall as detailed at 1.12 on page 63 of the report.    

(5)       That funding for the three capital schemes as detailed at 1.12 on page 63 of the report be approved.