Decision Maker: Babergh Cabinet
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
The following decision has been taken by the Cabinet and will come into effect on 19 July 2017 unless the call in procedure is activated:
Report Title/Ref No: 2016/17 Financial Outturn / MCa/17/6
Decisions Made by Cabinet:
1. That the 2016/17 financial outturn as set out in this Report be noted
2. That the following net transfers of £528k be approved with the General Fund reserves;
a) Transfer of £250k, being the income from Snoasis to an earmarked reserve, referred to in paragraph 10.9 of this report;
b) Transfer of £257k, being the 2015/16 deficit on the business rates Collection Fund from the Business Rates Equalisation reserve, referred to in paragraph 10.9 of this report;
c) Transfer of £535k, being the balance of the General Fund favourable variance, to the Transformation Fund, referred to in paragraph 10.8 of this report
3. That the General Fund carry-forward requests that individually exceed £25k and totalling £314k referred to in paragraph 10.12 of this Report be approved
4. That the Capital carry-forward requests referred to in paragraphs 10.20 and 10.21 of this Report totalling £26.085m be approved
5. That the transfer of £72k, being the HRA deficit for the year (£790k better than planned) per paragraph 10.25, from Reserves be approved
6. That the HRA Capital carry-forward requests that exceed £25k referred to in paragraph 10.32 of this Report totalling £751k be approved
Reason for Decisions: To manage the financial impact of the 2016/17 outturn position
Alternative Options Considered and Rejected: None
Any Declarations of Interest declared: None
Any Dispensation Granted: None
Publication date: 13/07/2017
Date of decision: 10/07/2017
Decided at meeting: 10/07/2017 - Mid Suffolk Cabinet
Accompanying Documents: