Decision Maker: The Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
1.1 To
approve and note the final financial position of the Council’s departments for
2016/17.
1.2 To approve the amounts to be carried forward (the
“Revised Over/ (Under) Spend” column of the summary in Appendix 1), namely:
DEPARTMENT |
£’000 |
Adults, Health and Well-being |
(100) |
Children and Families |
0 |
Education |
(48) |
Economy and Community |
(19) |
Highways and Municipal |
0 |
Environment (formerly Regulatory) |
(38) |
Gwynedd Consultancy |
(96) |
Corporate Management Team & Legal |
(45) |
Finance |
(67) |
Corporate Support |
(56) |
1.3
To approve the following recommendations and financial transfers (as
outlined in Appendix 2) -
·
Use (£46k), that is the underspend in excess of £100k Adults, Health and
Well-being to contribute towards the shortfall in another department.
·
Clear the overspend in the Children and Families Department so that they
can move forward to face the 2017/18 challenge, and to finance this by
re-directing the Adults, Health and Well-being Department underspend (£46k) and
Corporate underspend (£151k).
·
Clear the overspend in the Highways and Municipal Department so that
they can move forward to face the 2017/18 challenge, and to finance this by
re-directing Corporate underspend (£88k).
·
Use the £939k underspend on Corporate Budgets for 2016/17 as follows:
- £151k to clear the overspend of
the Children and Families Department
- £88k to clear the overspend of
the Highways and Municipal Department
- £700k to be earmarked in a
reserve to contribute towards the Financial Strategy for the future.
1.4
To approve the virements from the specific reserves
and release the provisions as outlined in Appendix 3 following a comprehensive
review of reserves and provisions.
1.5 To
convey to the Departments that the Cabinet will only clear overspend in very
exceptional circumstances in the future, and that departments will be expected
to carry forward any future overspend (in accordance with the procedure for
carrying underspend forward).
Publication date: 06/06/2017
Date of decision: 06/06/2017
Decided at meeting: 06/06/2017 - The Cabinet
Accompanying Documents: