Agenda item

B      Report of the Chief Finance Officer (Copy herewith.)

2.1.    Cabinet noted the provisional outturn for the General Fund and Housing Revenue Account for the financial year 2016/17 as set out at Appendix 1 and Appendix 5 of the report

2.2      Cabinet approved the use of and contributions to General Fund Revenue Earmarked Reserves as shown in paragraph 3.2.4 and Appendix 3 of the report.

2.3      Cabinet approved the proposed revenue budget carry forwards detailed in paragraph 3.2.8 of the report

2.4      Cabinet approve the net movement in Housing Revenue Account Reserves and working balances as set out atAppendix 6 of the report.

2.5      Cabinet noted the outturn for the Council’s General Fund and Housing Revenue Account Capital Programmes for 2016/17 and how the expenditure was financed as set out at Appendix 4 and Appendix 7 of the report

2.6      Cabinet approved the proposed capital carry forwards into 2017/18 set out in Appendix 4 and Appendix 7 of the report.

2.7      Cabinet noted the outturn for Northampton Partnership Homes for 2016/17 as set out at Appendix 8 of the report.

Councillor Eldred, as the relevant Cabinet Members submitted a report and elaborated thereon and highlighted the proposed use of the 2016/17 underspend. It was further noted that the HRA outturn position shows an underspend on controllable spending of £249K. It was further noted that the Council faced on going challenges and risks which included reduced government funding and increased service costs but that they had successfully managed a balanced budget.

RESOLVED:

2.1.    That the provisional outturn for the General Fund and Housing Revenue Account for the financial year 2016/17 as set out at Appendix 1 and Appendix 5 of the report be noted

2.2      That the use of and contributions to General Fund Revenue Earmarked Reserves as shown in paragraph 3.2.4 and Appendix 3 of the report be approved.

2.3      That the proposed revenue budget carry forwards detailed in paragraph 3.2.8 of the report be approved

2.4      That the net movement in Housing Revenue Account Reserves and working balances as set out atAppendix 6 of the report be approved.

2.5      That the outturn for the Council’s General Fund and Housing Revenue Account Capital Programmes for 2016/17 and how the expenditure was financed as set out at Appendix 4 and Appendix 7 of the report be noted.

2.6      That the proposed capital carry forwards into 2017/18 set out in Appendix 4 and Appendix 7 of the report be approved.

2.7      That the outturn for Northampton Partnership Homes for 2016/17 as set out at Appendix 8 of the report be noted.