Decision details

South Ribble Borough Council Budget Out-turn Report 2017/18

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


Decision Made: (Unanimously)




(1)       the contents of the report and appendices be noted;


(2)       the final out turn position of £0.770m underspend against the original revenue budget of £13.482m and the key variances be noted;


(3)       the final out turn position on the capital budget of £0.597m underspend against an annual budget of £2.774m be noted;


(4)       the financing of the capital programme for 2017/18 be noted and approval be given to the carry forward of £0.402m of capital re-phasing into 2018/19 as outlined in this report;


(5)       the end of year position on reserves as a result of the out turn position and the contributions to and withdrawals from these reserves be noted;


(6)       the Council be recommended to give approval to the underspend being utilised to support other key projects or initiatives; and


(7)       approval be given to the development of a wider investment strategy in light of the level of balances.

Report author: Jane Blundell

Publication date: 22/06/2018

Date of decision: 21/06/2018

Decided at meeting: 21/06/2018 - Cabinet

Effective from: 30/06/2018

Accompanying Documents: