Agenda item

Joint report of the Chamberlain and the Town Clerk.

The Committee received a joint report of the Chamberlain and the Town Clerk comparing the revenue outturn in 2013/14 with the final agreed budget for the year. Members noted that the proposal to carry forward local and central risk underspends had been approved by the Chamberlain in consultation with the Chairman and Deputy Chairman of the Resource Allocation Sub Committee, and the 2014/15 budgets had been increased accordingly. Members noted that net expenditure during the year was £19.946m which, compared to the total agreed budget of £23.485m, represented an underspend of £3.539m. This underspend primarily related to the grants budget which had been agreed for carry forward to 2014/15.

RESOLVED – That the revenue outturn report for 2013/14 and the budgets carried forward to 2014/15 are noted.