Decision details

Outturn 2018/19

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Decision

 

The Cabinet:

 

1.         Reviewed the Revenue and Capital Outturn report and associated appendices for 2018/29

 

2.         Notes the budget carry forwards shown at paragraph 4.5 and reserve movements shown at section 7 of the report of the Cabinet Member for Finance

 

3.         Notes the Capital slippages from the 2018/19 Capital Programme as detailed in the report of the Cabinet Member for Finance and appendices C and E

 

4.         Notes the change to the Regeneration Reserve Policy to include financing any feasibility work costs in respect of property acquisition and development

 

5.         Approves the introduction of the Crowd Funding initiative for the District of South Kesteven and note the formation of a specific reserve of £100k to fund the initiative for a 1-year pilot period

 

Reasons for decision

 

1.         The report of the Cabinet Member for Finance presenting the outturn position for 2018/19, including variances, in respect of the General Fund and Housing Revenue Accounts’ revenue outturn, capital outturn and commentary thereon, and commentary and review of reserves and a reserves statement

2.         Budget monitoring and management reports presented to the Growth Overview and Scrutiny Committee during 2018/19

3.         The outturn report presented to the Governance and Audit Committee on 21 June 2019 and the decisions made by the Committee at that meeting

4.         In-year amendments made to the Budget made by Council

5.         Comments made by the Rural and Communities Overview and Scrutiny Committee and the Governance and Audit Committee on the proposed crowd funding initiative

 

Other options considered and rejected

 

No other options were considered.

 

Publication date: 10/07/2019

Date of decision: 09/07/2019

Decided at meeting: 09/07/2019 - Cabinet

Accompanying Documents: