Decision details

The Principle Accountant (Corporate) presented the report to the committee. The accounts were required to be produced under the International Reporting Standards, and members received a presentation (Appendix 2) covering the below points:

•     Legislative background

•     Financial Statements Overview – How they fit together

•     Comparing Financial Statements with budget

•     Service Budget Performance

•     Comparisons with Previous Year

•     Council Reserves

•     Summary

The final outturn position is a saving against budget target of £1.341m.

The £1.341m has been transferred to the capital resources reserve to fund future capital expenditure as set out in the corporate plan and medium-term financial strategy.

Following discussion, a vote was taken and it was:

RESOLVED:

THAT the councils risk profile be approved.