Decision Made: (Unanimously)
That:
(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.